buyerdock
Global discovery platform connecting buyers and sellers.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor | €0.0 | round | |
| N/A | €0.0 Valuation: €0.0 | round | |
| N/A | N/A Valuation: £3.8m | Seed | |
| Total Funding | 000k | ||
| USD | 2022 | 2023 |
|---|---|---|
| Revenues | 0000 | 0000 |
| % growth | - | 20 % |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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Buyerdock Ltd., founded in 2019 by Jonathan Sparkes and Kevin Dixie, offers a digital platform for product information and regulatory compliance. The company is headquartered in Colchester, United Kingdom. The idea for Buyerdock originated from the founders' shared experience at a natural food and beauty manufacturer, where they recognized the difficulty in communicating a brand's ethical practices directly to consumers. This frustration led them to develop a system that leverages QR codes to provide post-purchase transparency and storytelling for brands.
The company operates a B2B SaaS model, providing a platform for brands of all sizes to manage product data and connect with consumers. Its revenue is generated through tiered subscription packages. Buyerdock's core offering is an automated digital platform that utilizes GS1 Digital Link-powered QR codes. This allows for the creation of Digital Product Passports (DPPs), a key feature for businesses needing to comply with new EU legislation effective from 2027 for fashion, textiles, and footwear. The DPP solution integrates supply chain traceability, repair, and refurbishment information. Additionally, the platform provides an automated tool to generate the correct EU recycling logos and AGEC text required for products sold in countries like France and Italy.
For consumers, scanning a product's QR code launches a branded, immersive web application. This app, available in over 84 languages, showcases brand stories, sustainability efforts, social media links, and product guides without requiring a separate download. A significant milestone was achieved in July 2022 when the first product featuring a Buyerdock 2D QR code was showcased by GS1 UK. The company has received funding from investors including Grow London and Tangram Partners.
Keywords: Digital Product Passport, DPP, QR code compliance, EU recycling regulations, GS1 Digital Link, supply chain transparency, consumer engagement platform, product traceability, brand storytelling, sustainable consumption, automated compliance, AGEC law, EU fashion legislation, SaaS, B2B platform, product information management, smart packaging, connected products, post-purchase engagement, ethical branding