About Twice
Twice is a company based in Helsinki (Finland) founded in 2018 by Tuomo Laine.. Twice has raised $3.8 million across 1 funding round from investors including Anthemis Group, Tera Ventures and Mission One Capital. Twice offers products and services including Recommerce OS, Rentals Platform, and Subscriptions Service. Twice operates in a competitive market with competitors including RELEX, Global-e, Cart.com, Bizom and AnyMind Group, among others.
- Headquarter Helsinki, Finland
- Founders Tuomo Laine
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Sectors
RetailTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Twice Commerce Oy
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$3.8 M (USD)
in 1 rounds
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Latest Funding Round
$3.8 M (USD), Seed
Sep 19, 2022
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Investors
Anthemis Group
& 4 more
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Employee Count
Employee Count
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Products & Services of Twice
Twice offers a comprehensive portfolio of products and services, including Recommerce OS, Rentals Platform, and Subscriptions Service. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Manages resales and rentals with inventory tracking
Handles seamless rentals and subscriptions
Facilitates recurring revenue from products
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Funding Insights of Twice
Twice has successfully raised a total of $3.8M through 1 strategic funding round. The most recent funding activity was a Seed round of $3.8 million completed in September 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $3.8M
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First Round
First Round
(19 Sep 2022)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2022 | Amount | Seed - Twice | Valuation | Anthemis Group , Tera Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Twice
Twice has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Anthemis Group, Tera Ventures and Mission One Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early and growth-stage startups are funded by Anthemis Group.
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Founded Year | Domain | Location | |
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Early-stage digital startups are funded by tech-focused Tera Ventures.
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Founded Year | Domain | Location | |
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Venture funding is offered to early-stage startups by Mission One Capital.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Twice
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Twice
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Twice Comparisons
Competitors of Twice
Twice operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as RELEX, Global-e, Cart.com, Bizom and AnyMind Group, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Unified platform for retail and supply chain planning is offered.
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| domain | founded_year | HQ Location |
Software solutions for cross-border e-commerce industries are provided.
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| domain | founded_year | HQ Location |
Software suite solutions are provided for e-commerce businesses.
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| domain | founded_year | HQ Location |
Retail intelligence platform is developed for brands and B2B retailers.
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| domain | founded_year | HQ Location |
Platforms for e-commerce, marketing, and manufacturing are provided.
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| domain | founded_year | HQ Location |
SaaS-based software suites for e-commerce operations are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Twice
When was Twice founded?
Twice was founded in 2018 and raised its 1st funding round 4 years after it was founded.
Where is Twice located?
Twice is headquartered in Helsinki, Finland.
Who is the current CEO of Twice?
Tuomo Laine is the current CEO of Twice. They have also founded this company.
Is Twice a funded company?
Twice is a funded company, having raised a total of $3.8M across 1 funding round to date. The company's 1st funding round was a Seed of $3.8M, raised on Sep 19, 2022.
What does Twice do?
Twice was founded in 2018 in Helsinki, Finland, as an online platform focused on e-commerce software. Solutions offered include rental management, inventory management, order fulfillment, product catalog management, and payment processing. Operations support retailers in streamlining digital commerce activities across various functions, with services tailored to inventory and order needs in the retail sector.
Who are the top competitors of Twice?
Twice's top competitors include Bizom, RELEX and CommerceIQ.
What products or services does Twice offer?
Twice offers Recommerce OS, Rentals Platform, and Subscriptions Service.
Who are Twice's investors?
Twice has 5 investors. Key investors include Anthemis Group, Tera Ventures, Mission One Capital, Maki.vc, and The Fund.
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