Channable gets 750.000 euro investment to extend growth in Europe

December 25th 2016 | via:

Utrecht-based startup Channable received a 750.000 euro investment from Dutch VC Peak Capital to keep growing in Europe.

Channable provides an online marketing tool for online retailers, marketeers and webshops. How it works: you can easily display and compare products on shopping websites, marketplaces and affiliate networks. The product information is downloaded via a data feed or plug-in, and then optimized using rule based actions in order for the feed to comply with the specifications of the desired platform.

“Customizing a data feed is a time consuming task for many online retailers. In order to adapt the feed for the various channels, many custom adjustments need to be performed in the online store, meaning that a web programmer must be hired. Channable enables users to perform these changes much more frequently and more easily”, explains co-founder Stefan Hospes in a press release.

Hidden gem

Co-founder and managing partner of Peak Capital, Johan van Mil, called Channable a hidden gem. He did rightly so, because the startup quickly outgrew the space needed at incubator UtrechtInc (they are now located in a little castle tower within the city centre). And since the start of Channable in 2014 the startup now already has over 900 paying customers from the Benelux, Scandinavia and DACH area.

With the investment, the team can expand next year to France, Spain, Italy and the UK. “Last year the team of Channable has achieved strong growth, not only in the Netherlands but also abroad. Now is an ideal time for Peak Capital to invest with capital and hands-on support to accelerate scaling up,” said van Mil.

Read the original article

More Latest Dutch startup news
PortXL adds 11 new startups to...

Accelerator for logistics, harbour and port related startup PortXL this week... Read more

WANTED: FEMALE ENTREPRENEURS...

 A challenging part of growing your company is to find the right... Read more

Unique opportunity for NL...

The Chinese government is increasingly looking for technological and... Read more

StartupDelta presents 11...

The past years there has been a lot of attention for startups and their... Read more

Other StartupDelta news
What's the difference between...
via

Valuation expert Joachim Blazer came up with a fun little thought experiment:... Read more

5 tips for inventory financing...
via

When a company grows fast, you have more costs before profits are made.... Read more

Thijs Sprangers (Live on Demand)...
via

Ash Maurya, Eric Ries, Alister Croll, Ricardo Semler and Robert McKee are... Read more

Sytse Sijbrandij of Gitlab:...
via

September this year Gitlab announced that it had raised a $20 million Series... Read more