Stockholm-based startup Universal Avenue that specialises on digitalisation of small and medium businesses has raised $6 million through a stock convertible bond from MOOR Capital and acquired the digital agency Varvet. Carl-Johan Kihlbom, partner at Varvet, will join the Universal Avenue board of directors. In addition to that, the startup converted a $1 million bond […]
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 […]
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, […]
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 […]
IgniteNI, a Belfast-based startup accelerator backed by Invest NI, has opened applications for its next batch. The ten selected startups will get a convertible loan of £15,000 and a further £5,000 if they are relocating from outside Northern Ireland. During the six-month program, the accelerator team will choose five out of ten teams to go […]
Dutch zero-commission hotel booking platform Bidroom has raised €15 million from several family offices, Emerce reported. The company will use the fresh capital for international expansion and hiring. Founded in 2014, Bidroom is a closed platform that charges its users membership fees for access to hotel deals. This model supposedly allows Bidroom to get lower […]
This week, Natalie Novick and Andrii Degeler discuss what BlaBlaCar is going to do with the bus operator Ouibus, what the Brexit draft agreement means for the tech ecosystem in the UK, and much more. Also featured in the episode is a great and insightful interview with Simon Cook, the CEO of Draper Esprit.