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 […]
Nordic e-commerce powerhouse BHG has acquired 97.6% of Scandinavian design e-tailer Nordic Nest, it announced on Sunday (hat tip: Breakit). The deal values Nordic Nest, which was founded in Sweden back in 2002 (under the name Designonline), at approximately €175 million. The sellers of Nordic Nest include Nordstjernan, Philian Invest, Stella Capital, Jörgen Bödmar, its […]
Capitalising on the ecommerce surge driven by the pandemic, two brothers from Hamburg founded a new company in London, Heroes, to buy well-performing Amazon businesses and scale them up. That was in June. Today, Heroes announced it has raised $65 million in a seed funding round led by Fuel Ventures and 360 Capital Partners with […]
Yieldigo, a Czech startup founded by three mathematicians, has raised €2 million in seed funding to expand its AI-based pricing platform. The Hungarian VC fund PortfoLion and Silicon Valley’s Alchemist Accelerator participated in the round, alongside J&T Ventures. The Prague-based company helps international retail chains, both on and offline, price their products more intelligently. The […]
Canadian ecommerce investor Clearbanc is launching in the UK and pledges to inject £500 million into British SMEs over the coming year. The firm, which uses AI to make ‘unbiased’ investment decisions, says it offers startups an alternative to venture capital in the form of non-dilutive revenue-share agreements — and that the funding is transferred […]
Polish ecommerce platform Allegro has filed for an IPO, with plans to raise 1 billion zlotys (€225 million) and debut on the Warsaw Stock Exchange. FT reports that advisers are targeting a valuation of between €10 billion and €12 billion. The offering will enable the group to repay part of its outstanding debt. Other reasons […]
Moteefe, a UK platform that enables other ecommerce businesses to produce and sell customised items around the world, has secured another $11 million in funding. New investor BGF led the round with participation from existing investors Gresham House Ventures and Force Over Mass Capital. To finance expansion to Australia and South America, the company raised […]