Creathor Venture sells Doodle stake

Previous funding
Creathor Venture and Schwyzer Kantonalbank invested in Doodle in April 2008. The investors became aware of the company through personal exposure to its online time planner product, which was already widely used in Switzerland and made contact during a business model contest.

The new capital will be used to expand sales activities in Switzerland and for geographic expansion into Germany, Austria, the US and Asia. Funds were also invested in technological R&D to enable Doodle to offer more new services. It was decided to expand the number of languages in which the site was available to increase its attractiveness for online advertising and continue to offer the service for free.

With Creathor's backing and presence on the company's board, Doodle has won several awards for its service and unique user numbers have increased eightfold to more than eight million. It is now available in 29 languages (compared to 18 in 2008).

Company
Doodle operates doodle.com, a major online platform which allows users to schedule meetings and appointments. It is based in Technopark in Zurich and employs 11 people.

The company was founded in 2005, when it was known as Inturico. The website went online in 2007 and is used by companies, sports clubs, political parties and various associations to plan meetings and conduct polls.

People
Creathor Venture was represented by Dr Gert Köhlerm, CEO, and Cédric Köhler, investment manager.

Michael Naef and Paul E. Sevinç are the founders of Doodle.

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