Rocket Internet’s Home24 reportedly planning an IPO this summer

German online furniture retailer Home24 is reportedly planning an initial public offering on the stock market for this summer. Manager Magazin reports that the Rocket Internet-backed company is in the midst of preparing a listing, according to sources within the company. We’ve reached out to Home24 for a comment and will update when we hear […]

UK medical app Echo raises £7 million Series A round

UK prescription delivery app Echo has raised £7 million in a Series A round led by White Star Capital with participation from MMC Ventures, LocalGlobe, Global Founders Capital, Rocket Internet, and Public.io. Echo’s app allows people to re-order their prescriptions from NHS GPs and have them delivered for free with reminders for adhering to their […]

Germany’s Movinga raises €22 million in fresh round of funding

Movinga, a platform for moving services, has raised €22 million from a number of investors. New backers Santo Venture Capital, of the Strüngmann family office, will invest €9 million and previous investors Earlybird Venture Capital and Rocket Internet will provide €4.4 million. The remaining funds will be released in spring 2018 upon reaching agreed milestones. […]

Commerce platform Global Savings Group raises €19.2 million in credit and equity funding

Global Savings Group (GSG), a digital commerce platform for retailers, brands, and publishers, has raised €19.2 million in credit (€9 million) and equity (€10.2 million) funding. The Series C round comes from Holtzbrinck Ventures, Rocket Internet, Deutsche Telekom Venture Funds, ru-Net, and Deutsche Bank. Global Savings Group provides digital retail solutions for its clients to […]

Vacation rental search platform HomeToGo raises Series C round

HomeToGo, a metasearch engine for vacation rentals, has announced a Series C funding round led by Insight Venture Partners with participation from DN Capital, Acton Capital Partners, Rocket Internet, and Global Founders Capital. No figures have been disclosed. The Berlin-based site currently lists around 11 million rentals globally and integrates partners like Booking.com and Tui. […]

Delivery Hero’s revenues jump 66% for first half of 2017

German food delivery marketplace Delivery Hero has announced a 66% boost in revenue for the first half of 2017 in its latest revenue report, despite a slowdown in growth in recent months. Revenues for the first six months of the year hit €246.5 million with losses coming down to 18%, lower than the 47% reported […]