Company news
April 9, 2020

European Executive George Mehring-Schlegel invests in TechBuddy

European Financial Executive George Mehring-Schlegel invests in TechBuddy

Techbuddy is proud to announce that George Mehring-Schlegel has become an investor and an active member of the advisory board of  the company. George Mehring-Schlegel has held several financial and strategic leadership positions in some of Europe’s largest consumer retail companies, most notably as Group Senior Vice President at Metro AG, Group Chief Financial Officer (CFO) at MediaMarkt and Saturn, and now next to some advisory roles in Fin-techs and Retail-techs also is an active industrial advisor for Bain & Company and EY. George Mehring-Schlegel brings unparalleled knowledge in global retail, finance and strategy to the company both as an investor and an advisor to the company.

George Mehring-Schlegel will focus on helping Techbuddy to scale the business both in the “Software as a Service” segment, as well as actively guide Techbuddy’s geographical expansion to Germany, Austria and Switzerland (the “DACH region”).

George Mehring-Schlegel commented: “I am very excited to be an investor and advisor to Techbuddy. Techbuddy has created a unique platform that solves many current challenges in the retail industry. I am looking forward to working with the company founder Tahero Nori and his management team as well as being an active part of Techbuddy’s future development!”

TechBuddy was founded in 2016 in Stockholm, Sweden and has since expanded to Spain and Israel.  The company is now preparing for further geographical expansion in Europe:

“Retailers around the world are currently trying to find sustainable solutions that can help support their businesses during and after the COVID19 pandemic. Techbuddy is providing both on the ground and remote help to many who are currently operating from home, a trend that is only expected to intensify. As the demand for TechBuddy's unique platform is increasing, we aim to also strengthen our knowledge and network, and expand along with our partners. Georg Mehring-Schlegel joining us as an investor and advisor is of great value to our company”, says Tahero Nori, CEO, and founder of TechBuddy.

As Techbuddy is a private company, investment sizes and terms for the investments are not to be disclosed. TechBuddy is however happy to report that current fundraising activities continue to be positive and will firmly position the company as a consolidator in the industry going forward.

For more information please contact:
Tahero Nori, Founder and CEO, tahero@techbuddy.se

About TechBuddy

TechBuddy is a digital platform company offering on-demand and on-site tech support by tapping into a large pool of tech-savvy talents. TechBuddy connects tech talent, so called “Buddies” with the near-infinite number of customers who need technical guidance and support. The Buddies are technicians who deliver high quality consultations, installations and technical support to consumers and businesses, so that everybody can equally benefit from digitalization. By utilizing a unique platform for managing high volumes of services, TechBuddy has become the extended arm of large telecommunication companies and consumer electronics retailers to serve customers in their homes or offices.

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Sina Balzhäuser
Senior PR & Marketing Manager