Italian automotive retail startup brumbrum raises €20 million

Milan-based automotive e-commerce startup brumbrum has raised €20 million in a funding round led by Accel, with participation from Bonsai Ventures, eVentures, and United Ventures. The startup plans to use the money to expand across Italy and prepare for entering other European markets. Founded in 2017, brumbrum markets itself as a player that brings “transparency, […]

UK-based Ve Global acquires Swedish e-commerce analytics startup Divvit

Ve Global, a British-founded marketing technology company, has acquired a Swedish e-commerce analytics platform Divvit in a deal that involves both cash and Ve’s stock. Ve has also “made a financial commitment” of some £500,000 to integrate Divvit’s solutions into its products, the company stated in a press release. After the acquisition is completed, Divvit’s […]

German anti-fraud startup Fraugster raises $14 million

Berlin-based startup Fraugster that applies AI and machine learning algorithms to fraud detection in the e-commerce space, has raised $14 million in a funding round led by CommerzVentures, the venture capital subsidiary of Commerzbank, and early Fraugster investors Earlybird, Speedinvest, Seedcamp and Rancilio Cube, with participation from HSB Ventures, the venture capital arm of the […]

Finnish e-commerce personalisation startup Nosto lands $7.4 million

Helsinki-founded e-commerce personalisation startup Nosto has raised $7.4 million in a funding round led by Tesi, OpenOcean, and Idinvest. The company plans to use the capital injection to fuel its international expansion and further develop the machine learning core of its product. Nosto is a comprehensive solution for e-commerce companies that analyses customers’ behaviour on […]

Berlin-based personalised furniture startup MYCS raises €10 million

German customisable furniture e-commerce startup MYCS has landed a €10 million Series B funding round led by Beringea, with participation from Zimmerman Investments and existing shareholders. The unique selling point of MYCS is that it’s offering a reasonably wide variety of customisation options for its wardrobes, sofas, shelving, tables, and chairs while keeping them within […]