Amsterdam-based e-commerce platform Orderchamp raises $20 million, seeks to sew up European market

Amsterdam’s wholesale marketplace scaleup Orderchamp has $20 million in a Series A round led by Prime Ventures. Existing investors henQ and several angel investors also participated in the raise. Independent retailer-friendly Orderchamp is expecting to use the capital to expand the company’s international presence, improve the purchasing experience, and ramp up integrations with commerce systems. […]

London-based Taster gobbles up $37 million in Series B round

Taster, the London-based company behind a series of digital restaurant brands, has raised $37 million in a Series B round led by Octopus Ventures. The financing also saw participation from Rakuten as well as existing investors Battery Ventures, LocalGlobe, and Heartcore Capital. The funding is expected to expand the company’s presence across its three existing […]

Paris-based food marketplace La Ruche Qui Dit Oui ! receives undisclosed investment from Munich’s Cipio Partners, moves forward with home grocery delivery service

It’s no secret that 2020 saw the rise of the get-it-delivered-to-your-door service. Glovo’s €450 million raise comes to mind, or perhaps Gorilla’s rapid expansion and $290 million raise. And as with every hot commodity, there’s bound to be an alternative player (or 10) bubbling along just below the surface. Perhaps one with a healthier, more […]

Turkey’s e-commerce platform Trendyol receives $330 million additional investment from Alibaba

Turkish e-commerce platform Trendyol has received an additional $330 million investment from existing partner Alibaba in a capital increase. With this injection of capital, Alibaba now holds an 86.5% stake in the company. According to Webrazzi, and confirmed via Reuters, this investment would see Trendyol’s valuation increase to $11 billion.  But that’s not the whole […]

Ozon signs agreement to purchase Oney Bank for up to $10 million

Moscow-based e-commerce platform Ozon has signed an agreement to purchase Oney Bank from Russia’s third-largest privately-owned bank, Sovcombank. Subject to regulatory approvals, the transaction will happen in cash, and is not expected to exceed $10 million.  With the acquisition of Oney Bank, Ozon effectively buys the necessary set of licenses needed to flesh out the […]

Berlin-based e-commerce data integrator Productsup raises $20 million

Berlin-based e-commerce data integration firm Productsup has closed a $20 million round. This now brings their total raise to $45 million and the new funding is expected to fuel further product development and international expansion, with a particular eye on North America. The round was led by Nordwind Capital and venture debt provider Deutsche Handelsbank […]

Berlin-based on-demand delivery service Gorillas scores $290 million in series B round, becomes fastest European unicorn ever

Berlin-based ultra fast delivery service Gorillas has raised $290 million and become Europe’s fastest unicorn to date. The round was led by Coatue Management, DST Global and Tencent, with participation from Fifth Wall, Greenoaks and previous investor, Atlantic Food Labs. The delivery service previously raised $44 million in a series A round in early December […]