Five startups and scaleups were recognised today by the Digital Top 50 Awards at the Slush conference in Helsinki. The awards, given by Google, McKinsey & Company, and Rocket Internet, recognise innovative European companies in the categories of B2B, B2C, and tech for social impact. This year’s winners, chosen by jurors from business, media, and […]
Danish apartment manager Novasol has agreed to take over the former Rocket Internet start-up Wimdu for an undisclosed amount. Novasol is one of the largest European property managers with 44,000 units and is part of the publicly-traded US travel company Wyndham Worldwide, which also owns the brands Ramada and Tryp.
Germany’s CampDay and the Netherlands’ Campingfinder have announced a merger of their online camping facilities booking services. The two booking platforms will now operate under the new name Campsy to further develop their presence in the German and Dutch markets with further European expansion planned for 2017. Rocket Internet launched CampDay in April of this […]
Back in April, we reported that Rocket Internet’s ‘Global Fashion Group’ (aka GFG, the holding that comprises Zalora Dafiti, Lamoda and others), had secured commitment for a €300 million financing round that valued the combined online fashion retail business at €1 billion after the transactions. This was the mother of down-rounds, as the business was […]
Cloud accounting software startup Smacc has raised €3.5 million in Series A funding from Cherry Ventures, Rocket Internet, Dieter von Holtzbrinck Ventures, Grazia Equity, and a number of angel investors. The Potsdam-based company uses AI to automate the accounting and financial processes for small and medium sized enterprises. The company’s proprietary technology uses machine learning […]
Exclusive: London-by-way-of Berlin startup CaterWings, an online marketplace for catering services and part of Rocket Internet, has raised €6 million from Holtzbrinck Ventures, Tengelmann Ventures, and Rocket Internet. It launched in Amsterdam this week and is already active in Berlin, Hamburg, London, and Munich. The new funds will be used to further its launch in […]
Following an extremely bad week for Rocket Internet (and consequently for Kinnevik, a major investor in the company and several of the e-commerce companies spawned by the Berlin-based incubator), the former is removing two representatives of the latter from its supervisory board. In a statement, Rocket says Kinnevik CEO Lorenzo Grabau and his lieutenant Erik […]