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26 Feb 2023 – Articles

Danske Bank sells TheHub

After eight years as founder and owner of TheHub, Danske Bank is now selling the job platform to Norway’s MESH Community. A job portal specifically tailored to startups, TheHub has enjoyed great success since launching in 2015.

With more than 10,000 companies registered and 1,000+ jobs posted every month, TheHub is a success story.

Since Danske Bank established TheHub.io in 2015 in partnership with Rainmaking, a corporate innovation and venture development firm, the job portal has grown in leaps and bounds, recently passing the milestones of 60,000 jobs listings and attracting more than 1,000,000 job applications.

Nevertheless, the time has come to pass the reins to a more specialised player, which is why Danske Bank is now selling TheHub to Norway’s MESH Community. 




TheHub was originally established to help the rapidly expanding startup scene, which had a mounting need for new talent, competences and access to capital. The concept quickly caught on, and TheHub is now the most popular job portal among Nordic startups. However, such growth also means TheHub has now reached the point where additional competences and a renewed focus are needed if the platform is to continue developing.

“Danske Bank’s obligations to the Nordic startup community will continue undiminished, but with ambitions for TheHub to continue developing as a job portal, the time was right to transfer the reins to a new owner – one firmly focused on running and developing job portals. Job portal development is, of course, not part of Danske Bank’s core business, so I am confident that MESH Community will take TheHub even further and reach new heights,” says Klavs Hjort, Head of Danske Bank Growth.

We remain highly dedicated to the startup community across the Nordics and our ambition is to be the leading bank in this segment, helping companies to realise their potential through specialist advisors and bank products that match the needs of companies as they grow.

Klavs Hjorth

Head of Danske Bank Growth



Focus on growth continues
Selling TheHub in no way signals that Danske Bank is curbing its ambitions in the startup market. On the contrary, our strategy remains one of supporting startups across the Nordics, helping them to develop and scale their companies, so we can continue to leverage the positive impact a healthy and sound startup ecosystem has on society.

“We remain highly dedicated to the startup community across the Nordics and our ambition is to be the leading bank in this segment, helping companies to realise their potential through specialist advisors and bank products that match the needs of companies as they grow,” points out Klavs Hjort.

While TheHub is now sold, this does not mark a final farewell. Part of the deal with MESH Community includes Danske Bank continuing its strategic collaboration with the portal for the next three years.

Danske Bank Growth

Danske Bank Growth is a dedicated team that supports Nordic start-ups in growing their business from establishment to growth and internationalization to exit.

They deliver sparring and advice based on deep understanding and experience with the startup segment financial solutions that support business growth.

Read more

Facts about TheHub

Rollout

TheHub.io was launched in Denmark in December 2015 and later rolled out to Sweden, Norway and Finland.
A partnership

The platform has been developed via a strategic partnership between Rainmaking and Danske Bank.
The users

Roughly 10,000 startups are registered as users of TheHub. All in all, they have created close to 60,000 jobs
The effect

1,000,000 job applications have been submitted to the platform.
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