Creative Dock Group has acquired FoundersLane

Creative Dock Group has acquired FoundersLane

Zurich: Creative Dock Group (CDG), Europe's leading corporate venture builder, has acquired FoundersLane and has created the largest independent corporate venture builder in the world. Both companies design, build and scale digital businesses and products across different industries and verticals, over the last decade having launched more than 100 ventures around the world for European and MENA region clients. The group's total annualized turnover will exceed EUR 100 mil. within two years, with an expected annual growth rate of over 50%. By the end of this year, CDG will employ more than 600 employees, working from seven places with key offices in Zurich, Prague, Berlin, Vienna, and Riyadh. With the acquisition, Creative Dock Group has increased its presence in the MENA region, where the firm plans to invest over EUR 100 mil. over the next five years.

CDG: a leader in the fast-growing venture business category

Creative Dock was one of the first companies in Europe to develop corporate ventures as a service and started offering them to corporate clients ten years ago. Corporate venture building has proven a successful way for large companies to bring their customers innovative and profitable products.

The acquisition makes Creative Dock Group the largest independent player in