Delivery Hero grows revenues to €687 million, mostly thanks to Middle East

German-founded online food delivery company Delivery Hero has published its financial results in 2018, reporting revenue growth of 64.6 percent year-on-year to €687 million. The company also reported €105 million in revenues from its operation in Germany, which was recently purchased by Takeaway.com for €930 million, pending final approval. According to Delivery Hero’s numbers, the […]

German wealth tech startup Raisin raises $114 million for its “deposit-as-a-service” platform

Berlin-based startup Raisin, a global marketplace for term deposits, has raised a $114 million funding round from its existing investors Index Ventures, PayPal, Ribbit Capital, and Thrive Capital. Raisin plans to use the capital injection for “strategic acquisitions and further internationalisation,” the company stated in a press release. Since its launch in 2012, Raisin — […]

German-founded martech startup CrossEngage raises a seven-digit amount, expands to the UK

Berlin-based marketing technology startup CrossEngage has announced a new seven-digit funding round from Columbia Lake Partners and existing investors, including Vorwerk Ventures, Earlybird Venture Capital, Project A, Kreativwirtschaft, Cavalry Ventures, and 42CAP. The company also announced the opening of an office in London and said that it plans to use the fresh capital to “expand […]

Berlin-based car leasing platform VEHICULUM raises €7 million

German-founded startup VEHICULUM that’s developed a new car leasing marketplace with over 100,000 registered business customers has raised €7 million in a funding round led by Runa Capital, a US-based VC fund with Russian roots. The company plans to use the capital to open its platform, which is currently only available for businesses, to private […]

Six-month-old German e-scooter startup Flash raises €55 million

A new startup in the e-scooter space, Berlin-based Flash, has raised a gigantic Series A funding round of €55 million led by Target Global, the Financial Times reports. The startup was founded by Lukasz Gadowski, the co-founder of Delivery Hero, together with Uber and McKinsey alumni. Unlike many other e-scooter companies, including the US-founded industry pioneers […]

Tech.eu Podcast #101: TransferWise in Brussels; more money for N26 and Horizn; Alibaba’s activity in Europe; and more

In today’s Tech.eu Podcast, Natalie Novick, Andrii Degeler, and Robin Wauters talk about TransferWise opening an office in Brussels, funding rounds for Horizn and N26, the acquisition of data Artisans by Alibaba Group, and much more. The episode also features a pre-recorded interview with Jeff Lynn, co-founder and executive chairman at Seedrs, an equity crowdfunding platform that’s been pretty successful in Europe.

Iceland-founded identity verification startup Authenteq raises $5 million

Authenteq, an identity verification startup with offices in Reykjavik and Berlin, has raised a $5 million round led by Draper Associates and capital300. The company plans raise more money, calling the current capital injection “the first close of two in their Series A round” and mentioning that it’s currently “in discussions with a few investors […]