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Cloud-based big file-sharing company WeTransfer has shown interest to invest in a startup named Lolo’s. – They are a sugar-free snack manufacturer and have won the first international edition of Present Your Startup, which was organised to empower startups.
Bas Beerens, the executive chairman of WeTransfer, was a jury member at the event. He said, “The great thing about Lolo’s is that the company is scalable. In order to reach their full potential, they would need partners though. I think they have a great future ahead of them and I would like to be part of it as an investor.”
WeTransfer, the pioneer in data transfer
Headquartered in Amsterdam, WeTransfer was founded by Bas Beerens and Nalden in 2009. The company generates its revenue from advertisements as well as subscriptions. It maintains accounts of industry leaders including Google, Apple, Saint Laurent, Samsung, Balenciaga, Squarespace, Adidas and Netflix. The platform offers free service up to 2 GB.
Further, users having premium accounts can avail file sharing devoid of any size limitations along with password security, channel customization and 500 GB storage. The company caters to 42 million monthly subscribers in 195 countries with a billion files sent every month. It got an investment of $25 million from Highland Europe in 2015. WeTransfer launched the app ‘Collect by WeTransfer’ in October 2018. Also, this year, it acquired two popular creative apps – Paper and Paste.
Present Your Startup – a booster for startups
Present Your Startup is an accelerator event to stimulate startups through fundraising. The platform is a brainchild of Valerie Vallenduuk, who started it in 2014 in Haarlem, Netherlands. Since then, it has become an arena for startups as well as investors. Along with Haarlem, the event also owns its chapters in Curacao and New York. During the recently concluded first international edition of the venerated contest, Vallenduuk announced her new initiative to set up an exclusive joint venture to integrate the ideas and knowledge of the startups and investors.
Stay tuned to Silicon Canals for more updates in the tech startup world.