European Online-work marketplace twago secures $2.9M financing round
06/28/2012

twago got over 2,9M Euro after financing round.

Online PR News – 28-June-2012 – Berlin, 26 June 2012 – The largest pan-European marketplace for online-work, twago, successfully closed its financing round. A syndication of the Euro Serve Media GmbH and GMPVC German Media Pool GmbH invests cash and media services worth $2.900.000 (2.250.000 EUR) in the Berlin based startup. Together with its partner, German TV news channel N24, GMPVC will publish a significant TV campaign for twago.
The investment enables twago to implement its 3-Pillar-Growths-Strategy: Focus on regional expansion to keep its no.1 position in Europe, development of new products taking the latest trends in freelancing into account and investment in its team. “We used to double each quarter in all major KPIs. Our goal is to maintain and even exceed this amazing growth. We grow much faster than our competitors from the US in our core markets and will endeavour to keep this as a trend”, explains Gunnar Berning, CEO of Team2Venture GmbH, which owns twago.
“We see a perfect fit between twago and Euro Serve Media GmbH with all its portfolio companies. Due to the cooperation with such an experienced partner we can perfectly implement our 3-Pillar-Growths-Strategy”, adds Berning.
Michael Oschmann, Managing Director of Euro Serve Media GmbH, complements: “With twago it is possible to work for well known companies from all over the world, no matter where you live. twago offers a very appealing service for every freelancer who likes to work independently. We believe in twago`s idea and share the vision to make working easier across Europe. European companies demand for flexibility and freelancer recruitment in real-time.”
In addition twago plans a TV advertisement campaign for 10 weeks at the German news channel N24. “N24 offers the perfect target group for us. The enthusiasm and support for twago by N24 impressed us right from the start”, says Berning. Niko Waesche, founder and Managing Director of GMPVC, is looking forward to the upcoming collaboration with twago: “The world gets more and more connected online. Thus, services in the IT/internet-sector as well as online design and translation services become more and more important for small medium enterprises as well as big companies. twago and its marketplace for online work offers a huge additional value for companies of all sizes. We are sure the N24 audience, which is SME and business related, will appreciate the additional value of twago very quickly.”
Karsten Wiest, Managing Director for finance at N24, comments on the investment: ”twago has great potential and is a perfect fit with N24. Our audience consists also of freelancers and company owners. They will instantly see the value of twago as an intelligent and innovative marketplace for online work.”
About twago
twago is the largest pan-European marketplace for online-work. It provides access to online-based programming, (web) design and company service agencies and freelancers located in European countries as well as across the globe. Employers now have access to over 150,000 experts from 177 countries.