New partnership alert: Coop Invest wants to fund early-stage startups from the Nordics
On behalf of Coop Invest, Accelerace is scouting for early-stage Nordic startups active in retail, food, SaaS, EdTech, and digital health. Coop Invest is the investment arm of the Coop Group, one of Denmark’s most popular consumer goods retailers.
With a 40% market share in Denmark, Coop is a well-known retail chain to the general public and an appreciated partner to many early-stage startups through Coop Crowdfunding.
By expanding their startup activities and support in the Nordics, Coop Invest is in a unique position to create synergies between high-quality startups and numerous parts of the Coop ecosystem, including marketing, retail, distribution and logistics:
“Coop Invest has comprehensive competencies in Food, Retail and Digital technology. On top, we have unique access to a digital ecosystem with more than 500k weekly users, and to grocery retail shelves, suppliers and more.”Søren Haahr Storbjerg, Senior Investment Manager at Coop Invest
Why this is interesting
To summarize, Coop Invest is an interesting investor and collaboration partner for five reasons:
- Raise seed funding and onboard Coop as a long-term strategic investor
- Access to Coop’s digital ecosystem and 500 000 (!) unique weekly users
- Sparring from Coop Invest and their network of successful entrepreneurs
- Utilize the knowledge and network of Coop and their +2 million members
- Support and sparring from the Accelerace team throughout the process
Who this is relevant for
Coop Invest is looking for early-stage Nordic startups active in retail, food, SaaS, EdTech, and digital health. The startups are expected to have initial traction, a complete founder team (minimum two full-time founders) as well as have a solution that is in line with Coop’s values and that creates a mutually beneficial relationship between the two parties.
Since 2008, Accelerace has supported 800+ Danish and international startups, including Trustpilot and Templafy, through our accelerator program, made 70+ pre-seed investments, and matched startups with industry-leading companies such as Tetra Pak, Arla, and Elia. Accelerace is also responsible for the management of NOME (Nordic Mentor Network for Entrepreneurship), an elite mentoring program for Nordic life science startups.