Magazino, a Munich-based robotics startup, has raised €20.1 million led by Körber Group with participation from Cellcom, Zalando, and Fiege Logistics. Magazino builds automated robots for intralogistics, such as in warehousing, order picking, and assembly. Its chief hardware product is the mobile order picking robot TORU that uses 3D cameras and sensors to gain a […]
HV Holtzbrinck Ventures, the German VC firm, has announced its seventh fund of €306 million to back young startups at the seed and Series A rounds. Initial investments will be anywhere between €500,000 and €5 million with follow-on investments reaching as far as €40 million. The new fund, dubbed Fund VII, was closed within three […]
Brightfolk, the fashion firm owned by Danish entrepreneur Anders Holch Povlsen has invested in Swedish ecommerce company Klarna. Povlsen is also the owner of Bestseller, whose brands include Jack & Jones and Vero Moda, and is an investor in ASOS and Zalando. The terms of his investment in Klarna were not disclosed but Reuters reports […]
European online fashion giant Zalando today announced earnings for the first quarter of the year, reporting €796 million in sales for the period, slightly missing industry forecasts as its profit fell compared to Q1 2015. The company’s stock price went down a few points this morning as a result. Zalando also announced its acquisition of […]
We paid a visit to Zalando, the Berlin-based fashion e-commerce juggernaut that seems to be going from strength to strength while making big plans for the future.
Zalando’s revenues grew to just under €3 billion in 2015
Two deals that happened at the tail end of last week and are worth noting: Ströer, a big German multi-channel digital media company, has acquired a 78.8% stake in the Hamburg-based company behind online statistics portal Statista for about 57.2 million euros. In addition, Ströer said it would pump a further 7.5 million euros of […]