Company Directory / Retail

MadBid.com logo

ClosedFor profitRetailLondon, England, United Kingdom

MadBid.com

MadBid.com is an online retail auction platform, combining elements of ecommerce with gaming skills and bargain auctions.

Founded
2008
18 years ago
Staff
11-50
8 on LinkedIn
Followers
2k
on LinkedIn
Funding
$4.0M
as listed, USD

MadBid was founded in 2008 by a management consultant from L.E.K., an investment banker from Goldman Sachs and a stock exchange expert from Deutsche Börse. MadBid’s core business model began as a penny auction and the company has since added additional eCommerce features including a "Buy Now"​ option to purchase products outright, as well as an "Earned Discount"​ feature that allows consumers to apply the cumulative value of bids placed which did not result in an auction win, towards a discount for products.… Read all

MadBid was founded in 2008 by a management consultant from L.E.K., an investment banker from Goldman Sachs and a stock exchange expert from Deutsche Börse. MadBid’s core business model began as a penny auction and the company has since added additional eCommerce features including a "Buy Now"​ option to purchase products outright, as well as an "Earned Discount"​ feature that allows consumers to apply the cumulative value of bids placed which did not result in an auction win, towards a discount for products. Since the company’s establishment it hit headlines: The disruptive eCommerce website has been quoted across the globe, from Sina’s Daily news (a major Chinese news site) in the East, to the likes of BBC, TechCrunch, and the Sunday Times in the West. MadBid has also seen its efforts generate award winning recognition: e.g. 2012 – Red Herring Europe Top 100, 2012 - Sunday Times Tech Track 100. Top 41st, and 2012 - National Business Awards – Finalist (Top 10) in category: Small Online Business of the Year. Join the MadBid social media pages: Google Plus: https://plus.google.com/b/102287153502523356447/+Madbidauctions/about Facebook: https://www.facebook.com/MadBid.Auctions/ Twitter: @madbid http://www.madbid.com/ Created for fun shopping

Set against six million companies

Size

1-1011-5051-100101-250251-500501-10001k-5k5k-10k10k+

11-50 people: larger than 33% of companies with a size listed. 8 people list it on LinkedIn.

Age

200819002026

18 years old.

Reach

Website ranked #412,655 in the world for traffic, about 87k visits a month. 1,655 followers on LinkedIn.

What it does

E-CommerceOnline AuctionsShoppingecommerceauctionentertainment shoppinggamification

Funding, as listed

$4.0M raised in total

  • Rounds1
  • LatestSeries a, Jul 2010
  • Latest amountUSD 6,166,160
  • Investors1, 1 leading

What the source datasets report. We have not watched these rounds ourselves.

FoundersAleksi Asikainen, Daniel Rovira, Juha Koski, Madhur Srivastava

Every detail we hold

Everything the source datasets list about MadBid.com, field by field. Contact details are held but never shown.

The company

Name
MadBid.com
Type
For profit
Status
Closed
Founded
2008
Founders
Aleksi Asikainen, Daniel Rovira, Juha Koski, Madhur Srivastava
Industry
Retail
Categories
E-Commerce, Online Auctions, Shopping
Specialities
ecommerce, auction, entertainment shopping, gamification

Where

City
London
Region
England
Country
United Kingdom
Markets
Europe, Middle East, and Africa (EMEA)

Size and reach

Staff band
11-50
People on LinkedIn
8
LinkedIn followers
1,655
Web traffic rank
#412,655
Monthly web visits
86,792

Funding, as listed

Total
$4,000,000 USD
Rounds
1
Latest round
Series a
Latest round date
Jul 2010
Latest amount
6,166,160 USD
Investors
1
Lead investors
1
Listing status
private

About this record

Sources
Crunchbase, LinkedIn
Last imported
Sept 2026

Companies like it

Retail in United Kingdom.

See all in the directory →

From the company datasets we hold (Crunchbase, LinkedIn and Apollo listings), as listed there; 372,993 companies in United Kingdom and 5,926,251 in all. We hold no contact details for public display. Correct this, or ask for it to be removed.