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 […]

Swedish startup Universal Avenue raises $6 million and acquires digital agency Varvet

Stockholm-based startup Universal Avenue that specialises on digitalisation of small and medium businesses has raised $6 million through a stock convertible bond from MOOR Capital and acquired the digital agency Varvet. Carl-Johan Kihlbom, partner at Varvet, will join the Universal Avenue board of directors. In addition to that, the startup converted a $1 million bond […]

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 […]

UK-based Secret Escapes acquires what’s left of TravelBird after a few months of negotiations

It only took two weeks after Amsterdam-based TravelBird officially filed for insolvency for its assets to get acquired, the Financieele Dagblad reports. The UK-based Secret Escapes, a competing travel booking platform with a luxury focus, has made the largest bid “by far,” according to the bankruptcy curator Jan Padberg. The British company will receive the intellectual property, […]

French carpooling platform BlaBlaCar raises €101 million from SNCF, plans to buy SNCF-owned bus operator Ouibus

BlaBlaCar, a French-founded carpooling platform, has announced its plans to move beyond ridesharing towards becoming a road travel platform. The company has offered to acquire the bus operator Ouibus from SNCF, the French national railway company. At the same time, BlaBlaCar announced a €101 million funding round from SNCF itself with participation from existing investors. […]

German startup Siltectra sells to Infineon for €124 million

German semiconductor manufacturer Infineon has acquired Dresden-based startup Siltectra for €124 million. Founded in 2010, Siltectra is an R&D-heavy startup that has developed the “cold split” technology that allows processing of crystal material efficiently and with minimal loss. Infineon will now use the technology “to split silicon carbide (SiC) wafers, thus doubling the number of chips […]

Finnish healthtech startup Noona acquired by the US-based Varian

The US-based medical hardware and software company Varian has acquired the Finnish startup Noona, which has developed a cloud-based a communications platform for cancer patients and health centres. Described in the medical language, Noona is a platform that captures patient-reported outcomes (PROs), which is basically information on how the patient is feeling given by the […]