Total amount raised
$22.2 Millions
Latest funding date
8/1/2016
Location
Bynder has successfully raised funds through a Series A round, attracting investments from Insight Partners and CNBB Venture Partners. The company offers a digital asset management (DAM) platform designed to help users efficiently manage and share creative files.
Keep reading to explore the intricacies of Bynder's fundraising journey and the investors backing this innovative platform.
What Is Bynder?
Bynder, founded in January 2013 by Chris Hall and Roland Keijzer, is headquartered in Amsterdam, Noord-Holland, The Netherlands. The company specializes in providing a digital asset management (DAM) platform that helps brands manage and share creative files efficiently.
With a workforce of 501-1000 employees, Bynder's platform ensures consistent brand representation and simplifies collaboration across organizations. Their solutions include AI-powered features to enhance asset discovery and management.
Bynder's DAM platform is designed to centralize and manage digital assets, offering scalable solutions for businesses of all sizes. The company continues to innovate, focusing on maximizing growth and ensuring brand consistency.
How Much Funding Has Bynder Raised?
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: April 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of Bynder's digital asset management platform.
- Series A
- Amount Raised: $22.2M
- Date: August 2016
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the business, expand the team, and further develop the product.
Total Amount Raised: $22.2M. Current Valuation: Not publicly disclosed.
Key Investors
- Insight Partners
- Details: Insight Partners is a leading global private equity and venture capital firm. They focus on growth-stage technology, software, and Internet businesses.
- Investment Focus Areas: Technology, software, Internet businesses
- Notable Investments: Twitter, Shopify, DocuSign
- CNBB Venture Partners
- Details: CNBB Venture Partners is a venture capital firm that invests in early-stage technology companies. They aim to support innovative startups with high growth potential.
- Investment Focus Areas: Technology, healthcare, fintech
- Notable Investments: Not publicly disclosed
What's Next for Bynder?
Bynder's recent $22.2 million Series A funding opens up significant opportunities for expansion and innovation. With this capital, the company can enhance its digital asset management platform, enter new markets, and scale its operations. The investment from Insight Partners not only provides financial backing but also strategic support, positioning Bynder for substantial growth in the competitive tech landscape.
Future fundraising rounds are likely as Bynder continues to grow and innovate. However, the company may face challenges such as intense competition and the need to continuously improve its technology. Navigating these hurdles will be crucial for Bynder to maintain its market position and achieve long-term success.
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