Swedish cleantech startup Orbital Systems receives a €15 million loan from the European Investment Bank

Orbital Systems, a Sweden-based startup that has developed a water-saving recirculating solution for showers, has received a €15 million loan from the European Investment Bank (EIB) structured as venture debt. The loan is guaranteed by European Fund for Strategic Investments (EFSI) as part of the Investment Plan for Europe. The main product of Orbital Systems, the […]

UK-based Fluidic Analytics raises $31 million for its protein characterising tools

Cambridge-founded startup Fluidic Analytics that develops lab tools for protein analysis has raised $31 million in a funding round led by Draper Esprit, with participation from Delin Ventures, BGF, IQ Capital, and Amadeus Capital Partners. The products developed by Fluidic Analytics are based on a proprietary platform from the University of Cambridge that can give […]

French classifieds platform Leboncoin acquires second-hand fashion marketplace Videdressing

French classifieds giant Leboncoin has acquired fashion marketplace Videdressing for an undisclosed price. Founded in 2009, Videdressing is a marketplace for buying or reselling second-hand fashion and luxury items, connecting all parties and offering a payment system, anti-fraud measures and more. Last year, the company achieved a turnover of approximately 35 million euros from sales […]

London-based game developer Tripledot Studios raises $8 million

Tripledot Studios, a casual gamedev startup with offices in London and Minsk, Belarus, has raised $8 million in a funding round led by Velo Partners. The company plans to use the capital injection to assemble an all-star team and focus on mobile games. “We are building the ‘Apollo Program’ of mobile games,” said Lior Shiff, […]

German e-commerce platform Westwing sells its Russian subsidiary to Elbrus Capital

Editor’s note: This post from East-West Digital News was syndicated with permission. Westwing, a German e-commerce company selling furniture and designer home accessories, has sold to one of the funds of Elbrus Capital its subsidiary covering Russia and Kazakhstan. This full acquisition was closed in mid-November, Elbrus Capital Senior Partner Dmitry Kryukov told Russian business daily Kommersant. The amount of the […]