German startup data Artisans sells to Alibaba for €90 million

Chinese e-commerce giant Alibaba Group has reportedly acquired Berlin-based data Artisans. According to Deutsche Startups, the price of the deal was set at €90 million. The German company did not comment on the exit. Founded in 2014 by the creators of the open-source stream processing framework Apache Flink, data Artisans uses it to deploy large-scale […]

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 […]

Delivery Hero sells its operations in Germany to Takeaway.com for €930 million

Berlin-based online food delivery company Delivery Hero is selling its German operations to the Dutch competitor Takeaway.com for €930 million. The deal includes Lieferheld, Pizza.de, and foodora, a food delivery business that Delivery Hero acquired from Rocket Internet in 2015. Takeaway.com will pay €508 million in cash and the rest in shares, which would result […]

Norwegian intelligent camera company Huddly acquires AI startup Epigram

Norwegian-founded vision technology company Huddly has acquired a local AI startup Epigram in order to further develop its “intelligent camera” tech. The deal will see Epigram’s “tools, IP and all [seven] AI engineers” move over to Huddly, the company stated in a press release. Founded in 2017, Epigram has developed a set of tools for […]

Berlin-based language learning startup Babbel acquires LingoVentura to expand into language travel

German-founded language learning app Babbel has announced its expansion into the language travel market with the acquisition of a Berlin-based startup LingoVentura. The latter already operates a language travel platform that handles bookings for 200 language schools in over 100 cities and countries. “The language travel market today looks a lot like travel market in […]

German e-commerce platform Westwing sells its Russian subsidiary to Elbrus Capital

Editor’s note: This post from East-West Digital News was syndicated with permission. Westwing, a German e-commerce company selling furniture and designer home accessories, has sold to one of the funds of Elbrus Capital its subsidiary covering Russia and Kazakhstan. This full acquisition was closed in mid-November, Elbrus Capital Senior Partner Dmitry Kryukov told Russian business daily Kommersant. The amount of the […]