About Twine
Twine is a company based in Manchester (United Kingdom) founded in 2014. It operates as a Two-Sided Marketplace, and Professional Services. Twine has raised $497.54 thousand across 3 funding rounds from investors including European Union, Chris Mairs and EIC Fund. Twine offers products and services including Freelancer Network, AI and Machine Learning Support, and Creative Services. Twine operates in a competitive market with competitors including Voices, Behance, Backstage, Aroundus and Swipecast, among others.
- Headquarter Manchester, United Kingdom
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Clowdy Ltd. T/A Twine
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$497.54 K (USD)
in 3 rounds
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Latest Funding Round
$497.54 K (USD), Seed
Apr 12, 2017
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Investors
European Union
& 2 more
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Employee Count
Employee Count
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Products & Services of Twine
Twine offers a comprehensive portfolio of products and services, including Freelancer Network, AI and Machine Learning Support, and Creative Services. 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.
A global network of freelancers is provided for outsourcing.
Datasets for AI training are built by experts.
Video and animation content is created by freelancers.
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Funding Insights of Twine
Twine has successfully raised a total of $497.54K across 3 strategic funding rounds. The most recent funding activity was a Seed round of $497.54 thousand completed in April 2017. 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 3
- Last Round Seed — $497,536
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First Round
First Round
(01 Jun 2016)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2017 | Amount | Seed - Twine | Valuation |
investors |
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| Nov, 2016 | Amount | Grant - Twine | Valuation |
investors |
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| Jun, 2016 | Amount | Grant - Twine | Valuation |
investors |
| 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 Twine
Twine has secured backing from 3 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include European Union, Chris Mairs and EIC Fund. 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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Government agency and accelerator focusing on innovative startups and SMEs
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Founded Year | Domain | Location | |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location | |
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CM
Chris Mairs |
UK-based angel investor, entrepreneur, focusing on tech startups in India and globally.
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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 Twine
| 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 - Twine
| 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 |
Twine Comparisons
Competitors of Twine
Twine 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 Voices, Behance, Backstage, Aroundus and Swipecast, 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 |
Voice-over talents are connected with enterprises via an online marketplace.
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| domain | founded_year | HQ Location |
Media professionals are connected via an online platform.
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| domain | founded_year | HQ Location |
Casting opportunities for entertainment industry professionals are facilitated online.
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| domain | founded_year | HQ Location |
Freelancers are matched with employers through profile-based talent search.
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| domain | founded_year | HQ Location |
Models are booked via chat platform for events by clients.
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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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Latest news on Twine
Frequently Asked Questions about Twine
When was Twine founded?
Twine was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Where is Twine located?
Twine is headquartered in Manchester, United Kingdom. It is registered at Manchester, Greater Manchester, United Kingdom.
Is Twine a funded company?
Twine is a funded company, having raised a total of $497.54K across 3 funding rounds to date. The company's 1st funding round was a Grant of $52.95K, raised on Jun 01, 2016.
What does Twine do?
A global network of over 500,000 freelance experts is maintained by Twine, enabling businesses to outsource projects across various sectors including creative production, marketing, app and web development, and AI and machine learning. Diverse solutions for startups and enterprises are provided, focusing on scalability and diversity in workforce. Support for complex project requirements and hard-to-recruit skills is also offered through a vetted talent pool.
Who are the top competitors of Twine?
What products or services does Twine offer?
Twine offers Freelancer Network, AI and Machine Learning Support, and Creative Services.
Who are Twine's investors?
Twine has 3 investors. Key investors include European Union, Chris Mairs, and EIC Fund.
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