Funding

London-based startup Kuai Commerce has raised 2.4 million dollars (2.22 million euros) in a funding round. The capital injection will be used to launch an ecommerce solution that helps European merchants to sell their wares in the East.

Dutch startup VonWood, a trade platform for wood, has raised 2.7 million euros. The company aims to connect wood buyers and lumbers more directly online, while offering more product transparency. With the funds, VonWood wants to accelerate growth.

German ecommerce aggregator Razor Group has raised 70 million dollars (65.7 million euros). The company currently has over 200 brands in its portfolio, but wants to add more soon. The funding will also be used to expand geographically.

Fashion Cloud, a B2B data startup, has raised 25 million euros in growth capital. The German company wants to use the new capital injection for product development. In addition, Fashion Cloud wants to accelerate its international expansion.

Online furniture retailer Made.com has announced that it is appointing administrators. The company is thus preparing for insolvency, as it was unable to be sold by the end of October. Earlier this week, it also suspended its trades.

Ecommerce lending startup Lemonero is launching its platform in the Netherlands. It is the second expansion after a launch in Central and Eastern Europe last year. It already announced plans to expand into the DACH region, next year.

OPLOG, a fulfilment company from Turkey, has raised 11 million euros. With the money, OPLOG will open a warehouse in the United Kingdom before the end of the year. Additionally, the company wants to use robotics in its fulfilment centers starting next year.

Dutch payments fintech Mollie is launching a new financial service, Mollie Capital. Merchants can now apply for a cash advance up to 250,000 euros. The company is planning to launch other additional services in the future.

Ecommerce software startup Instant Commerce has raised 5.4 million euros in seed capital. The Amsterdam-based company will use the money to expand in Europe and the United States. Instant Commerce has raised 7.5 million euros to date.

Belgian software startup Garvis has raised 3.5 million euros. The company uses Artificial Intelligence (AI) to predict stock levels. Garvis will use the funds to develop its platform and accelerate international expansion.

The operator behind Pigu and Hobby Hall Group (PHH Group), well-known marketplaces in the Baltics, has partnered with SME Finance. Together, they are launching collateral-free revenue-based financing (RBF) to marketplace sellers. Merchants can get access to financing within the same-day of their request.

eBay Germany is launching a financing solution with online loan provider Iwoca. The loan service is called eBay Flexi-Kapital by Iwoca. Sellers on the marketplace will get access to funds within 24 hours after their request.

Spanish fashion marketplace Nerety has raised 200,000 euros in its second investment round. The capital injection will be used to scale the company’s turnover. It also wants to expand internationally into Italy, Germany and the Netherlands.

Lisa, a startup from Berlin, raised 2.7 million euros in funding. The company, which offers social shopping solutions, will use the money to accelerate growth and develop its software service. Social shopping is still in its infancy in Europe.

Apotekamo, the online pharmacy from Sweden, has raised 2.5 million euros in funding. The company will use the money for geographical expansion, marketing activities and the platform's logistics solution. The startup wants to become the leading pharmacy in Southeast Europe.