Monday Merch, a Rotterdam, Netherlands-based SaaS platform that provides employee merchandise solutions for businesses, raised €500,000 in growth funding from Rabobank.
The investment will be used to expand the team, gain greater international exposure, and roll out a merchandise platform.
The start-up helps companies with all aspects of organizing sustainable and high-quality merchandise for employees, a time-consuming process that requires a lot of specific knowledge. Monday Merch addresses that need by organizing the entire process, from design and production to storage and distribution, in one central location.
By focusing on technology, the company is able to offer a full-service solution, from design, product(s), warehousing, and worldwide shipping. The platform integrates with HRIS systems such as Workday to send automated onboarding packages.
"Thanks to Rabobank's growth financing, we can grow faster and harder. With the financing, we are focusing on three key areas: team, technology and marketing. In the area of team we have grown to 50 people in a short time, with the financing we can continue this expansion. In terms of technology, we will invest in launching a new platform, operations, further improving the design process and the website. In terms of marketing, we will invest in greater international exposure." said Jeroen Westerbeek, co-founder of Monday Merch.
Company: Monday Merch B.V.
Raised: €.50K
Round: Growth Round
Funding Month: April 2023
Lead Investors: Rabobank
Additional Investors:
Company Website: https://www.mondaymerch.com/
Software Category: Employee Merchandise Solutions
About the Company: Founded in 2021 by Jeroen Westerbeek, Florian Frenken, Kevin van der Veer, and Daniël Salimian, Monday Merch was started to help businesses improve their merch and make it frictionless. They design merch packages with renders in 24 hours and arrange storage and shipping to (remote) team members and customers. The company offers a range of products like hats, bottles, umbrellas, caps, diaries, and tote bags, and services like product selection, designing packaging, and shipping, enabling companies with customized branding and merch.
Source: https://www.mondaymerch.com/blog/monday-merch-3/monday-merch-raises-half-a-million-in-growth-funding-77