Cubyn, a Paris-based fulfillment and logistics provider for e-commerce marketplaces, has secured an undisclosed amount of venture debt capital from Harbert European Growth Capital. The French startup claims its proprietary technology, deployed in warehouses, reduces logistics costs by a third. Algorithms determine the best carrier and time per shipment. In addition to fulfilling and shipping […]
Stockholm-founded “delivery experience platform” for online merchants Ingrid has raised 12.25 million SEK (some €1.16 million) from the local early-stage VC Blq invest. The startup claims to handle 10 percent of the e-commerce market in Sweden and is planning to use the capital injection to expand to new markets. Founded in 2015, Ingrid wants to […]
Bliss, an Israeli social selling platform, has secured $1 million in pre-seed financing led by Global Founders Capital (GFC). The round should wrap up in the next few weeks. Founded a few months ago by Tal Adler (CEO) and Ori Magen (CRO), the Tel Aviv startup is cashing in on the social e-commerce trend, wherein […]
Russian e-commerce platform Ozon has raised $50 million from US-based VC Princeville Capital, plus $100 million from existing investors Baring Vostok Capital Partners and Sistema. The round of financing is a convertible loan that can be turned into equity. “The Russian e-commerce market is experiencing significant growth driven by the increasing penetration of online sales […]
ePlane, a Cypriot startup that created an online marketplace for aircraft parts, has raised a $9 million Series A led by the Japanese corporation, Marubeni. Essentially, the ePlane platform digitises the procurement process for aviation companies, allowing users to buy or sell, loan or exchange airplane parts. The aptly-named Autopilot is an algorithmic matching feature, […]
German startup jumingo, a digital mail order marketplace, has raised around €1 million from German angel investors, led by Tim Schumacher (TS Ventures) with continued support from previous investors Ryan Hood and Arno Nonnen. Jumingo digitises shipping services, connecting e-commerce shops, marketplaces and management tools to one network of shipping providers. The company reports that […]
James and James Fulfilment, a UK-based e-commerce fulfilment platform and service, has raised £11 million from LDC, part of Lloyds Banking Group. The new funding will go to developing the company’s software and the operational infrastructure. On the operational side, the company provides the typical fulfilment services to e-retailers, services such as storing products, packing […]
