# Volders

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

- Industry: Software
- Headquarters: Berlin, Germany
- Website: www.volders.de
- Total disclosed funding: $2M
- Latest round: Seed (Sep 12, 2016)
- Investors on record: 4

## About

Volders GmbH provides a digital cancellation service that simplifies contract terminations across sectors like telecommunications and fitness, enabling users to manage their obligations efficiently.Founded in 2014, Volders GmbH is based in Berlin, Germany. The company specializes in contract management solutions, allowing users to terminate contracts swiftly. Jan Ansink, the founder and current CEO, has a history in entrepreneurship. Volders has successfully raised EUR 2.00 mn through 5 deals, with the latest funding round occurring on November 17, 2020, led by Mountain Partners and participated by KfW Banking Group.Volders offers a digital cancellation service designed to streamline the process of terminating contracts across various sectors, including telecommunications and fitness services. The company's core product enables users to cancel contracts with providers such as Telekom, Vodafone, O2, McFit, and others within two minutes. Users select a cancellation template, input their personal information, and utilize an electronic signature, ensuring the cancellation is valid and compliant with the necessary legal requirements. Volders also provides a comprehensive overview of users' contracts and proactively reminds them of approaching cancellation deadlines, thus addressing the common issue of missed time frames. The service operates primarily in German-speaking markets, catering to consumers seeking to simplify their contract management.Volders generates revenue through its digital cancellation service, which operates on a transactional basis where users pay for the convenience of utilizing the platform. Customers engage with the service either on a pay-per-cancellation basis or through a subscription model that provides additional features, such as advanced contract management and reminders. The transaction structure is direct-to-consumer, allowing individual users to access the service directly. The flagship service revolves around cancellation templates tailored for various contract types, ensuring users can efficiently handle their contract terminations. This model allows Volders to capture revenue from a diverse client base while addressing consumer needs in contract management.In November 2020, Volders GmbH, a portfolio company of Coparion and Seed and Speed Ventures, acquired Volders GmbH from KfW Banking Group, Mountain Partners, and Rheingau Founders. The financial terms of the transaction were not disclosed. Volders plans to enhance its offerings by developing new products aimed at improving user experience and expanding its reach into international markets. Specific geographic regions have yet to be disclosed, but efforts will focus on leveraging new funding to support product development and market entry strategies.

## Funding rounds

- Seed, Sep 12, 2016, $1.9M — KfW Banking Group, Mountain Partners, Felix Capital
- Seed, Mar 1, 2014 — KfW Banking Group, Mountain Partners, Rheingau Founders
- Seed, Mar 1, 2014, $0.1M — Rheingau Founders

## Investors

- KfW Banking Group — Seed
- Mountain Partners (https://capitalatlas.ai/funds/mountain-partners) — Seed
- Rheingau Founders (https://capitalatlas.ai/funds/rheingau-founders) — Seed
- Felix Capital (https://capitalatlas.ai/funds/felix-capital) — Seed