Funding

Polish company Edrone has raised 5.3 million dollars (4.5 million euros) in its first funding after bootstrapping for the last four years. Edrone is an AI-fueled platform that provides customer experience solutions for ecommerce companies.

Klarna has raised an amount of 650 million dollars, which corresponds to roughly 547 million euros. With this fresh funding, the Swedish payments company is now valued at around 8.9 billion euros. This makes Klarna the largest fintech unicorn in Europe.

PricingHub, a French pricing solution provider, has raised 2 million euros. With the money, it wants to further develop its price optimization platform.

The major Polish ecommerce platform Allegro has announced its intention to apply for listing on the Warsaw Stock Exchange. Should the company proceed with the initial public offering, it would become the largest IPO of Poland.

Moteefe, a Dutch platform for on-demand production of merchandise, has successfully completed an 11 million dollar (9.3 million euros) funding round. It was led by new investor BGF, with participation from existing investors. The round follows a Series A fundraise announced earlier this year.

Ziticity, a urban logistics platform from Lithuania, has raised 2.2 million euros. The seed equity investment round was led by NordicNinja VC. With the money, the same-day delivery platform wants to expand in Europe.

Swappie, which sells refurbished iPhones online, is expanding across Europe. Today, the Finnish startup launched its online store in Germany, the Netherlands, Ireland, and Portugal.

British online supermarket Ocado has plans to raise over 1 billion pounds (1.12 billion euros) in capital. The company wants to further expand its online grocery delivery business.

Two thirds of online merchants in Europe have needed extra finance in the past two years. Loans carried out after the outbreak of the corona virus aren't included in this statistic. Online merchants need a loan the most for buying equipment.

Otrium, an online fashion outlet platform from the Netherlands, has raised 24 million euros. This happened during a series B round, led by Eight Roads Ventures and current investor Index Ventures. With the money, Otrium wants to further expand its platform.

Buymie, a grocery delivery start-up from Ireland, has signed a multi-year partnership agreement with Lidl Ireland. The two companies have been working together since 2019. Buymie also raised 2.2 million euros in funding.

Refurbed, an Austrian startup that sells repaired electrical appliances, has raised 15.6 million euros. It's one of the highest investments in the Austrian start-up industry.

James and James Fulfilment has secured an 11 million pound investment (12.1 million euros) from private equity investor LDC. With the money, the British ecommerce fulfilment company wants to further improve its software services and operating infrastructure.

Moteefe, a Dutch platform for on-demand production of merchandise, has raised 5 million dollars (4.54 million euros) in a Series A round led by Gresham House and Force Over Mass Capital. The money will be used for further expansion across the globe, launching new products for large retailers and scaling its operations.

Flowbox, a Swedish startup focused on user-generated content, has raised 7.5 million euros from Viking Venture, a leading software investor from the Nordics. With the money, Flowbox wants to further expand in Europe.