# Bownty

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bownty

- Industry: Internet
- Headquarters: Copenhagen, Denmark
- Website: www.bownty.com
- Total disclosed funding: $5.4M
- Latest round: Series A (Oct 21, 2015)
- Investors on record: 3

## About

Bownty is a technology company specializing in software solutions that enhance operational efficiency for businesses across various sectors, including retail and healthcare.Founded in 2010, Bownty operates out of Copenhagen, Denmark, providing innovative software solutions designed to streamline business operations. The company raised EUR 3.4 million in a Series A funding round in October 2015 from HOWZAT Partners and SEED Capital Denmark, totaling the amount raised to EUR 3.4 million from this investment. The firm's activities include three recorded deals since inception.Bownty specializes in delivering software applications that enhance productivity and efficiency for businesses. Its offerings address key operational challenges such as workflow management, data analytics, and customer relationship management, serving a diverse client base from small businesses to large corporations in North America and Europe. The technology aims to provide customizable solutions tailored to the specific needs of clients, ensuring impactful results.Bownty's revenue generation is primarily based on a subscription model, with clients paying ongoing fees for access to its software services. This model supports predictable cash flow, complemented by tiered pricing plans that cater to various service levels. The company also engages in partnerships with retailers and wholesalers to expand its product distribution, reinforcing its market presence while addressing client needs directly.Moving forward, Bownty plans to design and launch new software products aimed at improving operational efficiencies for its clients, although specific release dates have not been disclosed. The company aims to expand into new geographic regions, targeting markets in Europe and North America by 2025. The recent Series A funding of EUR 3.4 million will facilitate these initiatives, supporting product development and market expansion efforts.

## Funding rounds

- Series A, Oct 21, 2015, $3.8M — SEED Capital, HOWZAT Partners
- Seed, Apr 4, 2013, $1.1M — SEED Capital, Accelerace
- Seed, Jan 5, 2012, $0.5M — SEED Capital

## Investors

- SEED Capital (https://capitalatlas.ai/funds/seed-capital) — Seed, Series A
- Accelerace (https://capitalatlas.ai/funds/accelerace) — Seed
- HOWZAT Partners (https://capitalatlas.ai/funds/howzat-partners) — Series A