Fil Rouge Capital makes Top Digital Agency their first Croatian investment

Photo: www.croatiaweek.com

Top Digital Agency (TDA), Digital agency marketplace, raises one million Euros from the recently founded VC – Fil Rouge Capital, TDA announced. Moreover, TDA becomes the very first investment made by Fil Rouge in Croatia since the recent completion of its € 45M fundraise.

Goran Deak, CEO and founder at TDA / Photo: Deak’s LinkedIn profile

Goran Deak, CEO and founder at TDA, says that this investment, especially being the first made by Fil Rouge in Croatia, not only makes them proud but is also great recognition for the company that will boost their growth and expansion further on.

“We are extremely proud that Stevica and the Fil Rouge team recognized TDA’s potential, and we are excited that we got the chance to be their first investment. We are looking forward to our future collaboration because the mentality and the approach of the FRC team is something that we have been looking for in an investor for a long time. We are happy that this investment gives us financial stability for the upcoming period, so we can focus completely on what we do best – growing our company”, stated  Deak, according to TDK press release.

It is exactly the potential and the capacity that TDA has, that made Rouge Capital make TDA their first investment.

Stevica Kuharski, Head of Scouting at Fil Rouge Capital / Photo: Kuharski’s LinkedIn profile

“We are very happy to see the years of efforts in our establishment to take a concrete turn with our first investment in Croatia. In Goran and the team, we saw a very strong capacity to disrupt the market and this is one of our key investment criteria” says Stevica Kuharski, Head of Scouting at Rouge Capital team.

Founded in 2016, TDA is the first global marketplace that connects companies and digital agencies. They function as an online dating site, and helps them to connect in 3 simple steps: (i) Companies leave their project; (ii) Agencies see the project and pitch for it; (iii) Companies then decide whether or not to contact the agencies for further discussions. Through this process, TDA makes it possible for any company and any digital agency to meet no matter where they are in the world without needing to leave their office.

To date,  according to company info, TDA has more than 4000 agencies from more than 110 countries.  Their rapid growth and success have been recognized by the startup world as well. Namely, in February 2019 the company was named a Top 50 Global Startup by Startup Grind Silicon Valley, the biggest startup community in the world. in April, TDA was recognized as the fastest funded company in the world on the Funderbeam equity crowdfunding platform raising 42 thousand euros in just 25 hours.

Fil Rouge Capital, on the other hand, is a private investment company that invests in early-stage businesses from angel investment, seed, VC and Series A rounds through a combination of equity and debt structures. The Capital’s approach is to target investments that complement the skills and experience of its founders so that they can bring more than just capital to help a business grow. Its founders have core knowledge of technology, services, and an entrepreneurial history that they can bring to the benefit of an investment.

Earlier this year Superfounders already reported that Fil Rouge Capital is preparing itself for their first investment in Croatia.