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 […]

Berlin-based Amazon-native brand buyer SellerX raises an additional €26 million

In less than six months since its seed announcement, Berlin-based SellerX has raised an additional €26 million, now topping out at €130 million in available capital. The new financing was led by 83North with all existing investors including Cherry Ventures, Felix Capital, Zalando co-founder David Scheider, former Amazon UK CEO Christopher North, Allegro and former […]

Paris-based logistics provider Cubyn raises €35 million in Series-C round

Paris-based on demand logistics and order fulfillment company Cubyn has raised €35 million in a Series-C round. This now brings their total raise to €55 million. The round was led by Eurazeo and Bpifrance Large Venture with new participation from First Bridge Ventures and Fuse Venture Partners. Existing investors DN Capital, 360 Capital, Bpifrance Smart […]

Amsterdam-based Crisp secures €30 million in (ultra) fresh funding

Dutch online supermarket Crisp has recently closed a €30 million funding round led by Target Global. The series B round also included Keen Venture Partners, founders of Adyen and Just Eat, and Thomas Plantenga, Vinted CEO. To date, Crisp has raised a total of EUR 46 million since launching in 2018. One of the fastest […]

Marlin takes over French e-commerce software company Lengow

Marlin Equity Partners has made an undisclosed ‘growth investment’ in software scale-up Lengow, which has built an e-commerce automation SaaS platform, giving the investment giant majority control in the French company. Lengow basically helps online retailers optimise their e-commerce strategy, allowing them to centralise, automate and optimise sales performance across a variety of channels. The […]