Editor’s note: This is a sponsored article, which means it’s independently written by our editorial team but financially supported by another organisation, in this case, Euronext. If you would like to learn more about sponsored posts on Tech.eu, read this and contact us if you’re interested in partnering with us. Earlier this week, the total […]
Polish edtech company Brainly, developers of a peer-to-peer learning platform, has raised $14 million led by Kulczyk Investments with participation from previous investors Naspers, General Catalyst, Point Nine Capital, and Runa Capital. In addition to the investment, the company confirmed that it has reached 100 million monthly users. This growth, it said, was bolstered last […]
Revenues at startup factory Rocket Internet grew in the first six months of 2017 with losses narrowing at a number of its companies, according a revenue report released today. Rocket Internet’s revenues for the first half of 2017 grew 29% to €1.24 billion with an adjusted EBITDA margin of -12%, an improvement of -19% from […]
German take-away delivery marketplace Delivery Hero has acquired Carriage, a Kuwait-based food delivery startup. No terms were disclosed. Carriage, with around $1.3 million in seed funding, operates throughout the Middle East, providing food delivery for restaurants that do not offer the service or plan to discontinue their existing service. The acquisition will bolster Delivery Hero’s […]
Take-away food ordering and delivery service Delivery Hero has raised €387 million (about $423 million) from Naspers, a global Internet and media group that often backs and acquires companies in Europe. The Berlin-headquartered company, one of Rocket Internet’s most successful portfolio companies, has raised more than $1.4 billion to date and currently enjoys a reported […]
German fintech startup Kreditech has received an investment of €110 million from the payment services provider PayU, which is owned by the Internet and media group Naspers. This brings the total raised by the company to €242 million. The valuation of the company has not been disclosed but it is estimated to be between €300-€500 million.
Twiggle, a digital commerce search engine powered by data science, artificial intelligence, and machine learning, has secured $12.5 million. Twiggle said in a statement that it intends to use the funds to continue its international expansion and challenge Amazon’s A9 search engine in digital commerce search. The Series A round for the Israeli startup was […]