The top-tier American accelerator program TechStars has selected Peerby as one of its 11 startups of its first class in London. After its successes in the US (223 startups raised US$330m, 20 exits, 22 failures) TechStars has joined forces with Jon Bradford’s Springboard and stepped foot on European soil. Dutch social sharing platform Peerby is among the initial class that is supposed to kick-start the accelerator’s international ambitions.
Selected from over 1,000 international applicants the Peerby team will (once again) be accelerated during three months. Whereas it previously got all the help the Netherlands has to offer through Rockstart, this time the mentorship will hail from wider Europe, as well as the US. International hot-shot startup guru’s like Brad Feld, early investor in Zynga and Dick Costolo, co-founder of Twitter, will provide Daan Weddepohl and his team with their tips & tricks.
TechStars also functions as a stamp of approval towards investors, which the startups can leverage in their fundraising. All selected startups also receive an initial US$100,000 convertible loan from American investors partnered with the program. Weddepohl, founder of Peerby on the news: “It’s fantastic that TechStars selected us. It’s a testament to our quality and opens the doors to international growth and funding.”
Peerby is an Amsterdam based startup that operates a peer-to-peer sharing service for products. Users can share or request items from people in their neighborhood online, via their mobile or via social media channels. The product was launched (beta) for Amsterdam in August 2012 and is now active in various international cities. The startup raised funding from SanomaVentures late last year and won various challenges and prizes.
Peerby is the second Dutch startup to go through TechStars. Last year Robert Gaal & Co. participated in the New York program with their mobile hotspot startup Karma. The program provided them with a solid footing in the US as well as access to a quality set of investors.
The other ten startups that take part in the new London program are:
- FeedPack – provides companies with feedback about their courier service
- Iptvbeat – Google Analytics for IPTV
- Modabound – platform for students to buy & sell clothing
- Moni – new mobile money transfer service
- OP3Nvoice – conversation management & intelligence
- Osper – banking/money management for children
- Paymins – micropayments for social networks
- PlayCanvas – development platform for browser games
- QuanTemplate – platform for financial institutions to manage their risk
- VetCloud – practice management system for veterinarians