Top Digital Agency (TDA) has closed a €400,000 seed funding round on Funderbeam, the cross-border fundraising and trading platform for private companies. The company went over its original target by 41%.
TDA is a global matchmaking marketplace, helping companies looking for digital providers of services in web design, app development, branding and advertising to find the right agency.
It allows digital agencies from around the world to respond to briefs and open up new revenue streams, regardless of their size, location or network.
It also helps agencies to ensure they are only responding to genuine briefs that match their particular specialism and skills profile. This in turn reduces the cost of securing new business, that can be a strain on margins, particularly for smaller agencies.
There are currently 606 UK agencies active on the platform including a number of larger agencies including AmazeRealise, Somo, Tribal Worldwide, Cello Signal Group Limited, and AnalogFolk.
In addition to 2,600 agencies on the platform from 111 countries, TDA currently has 44 company requests totalling over $1,000,000 in project value.
The funding raised will be used to help scale the business in the UK and across Europe, supporting business development, marketing and developing new features on the platform.
Goran Deak, founder and CEO, said: “We believe we are doing something truly unique at Top Digital Agency.
“While there are many platforms and sites that connect digital freelancers with project work, ours is the only one that provides this matchmaking service for agencies.
“We have great ambitions for this year – including adding over 200 company requests and 500 agencies to the platform. We will also be adding new features to enhance the user experience and incorporate machine learning automation.
“This new investment will help to realise these targets.”
Ratko Knežević, Lead Investor, said: “TDA’s team is highly motivated and has a great amount of knowledge. It’s very focused on success. The platform itself has a great potential for success on a global scale and can be scaled very quickly. I truly believe that it has a big potential to become a unicorn.”
TDA won Best Startup Award at South Europe in 2018. In mid-February this year and was selected among the TOP 50 startups in the world by Startup Grind.