Funding

Fasanara Capital, a UK-based institutional asset manager is launching a fintech fund of 1 billion euros together with credit insurer Allianz Trade. The fund will target the B2B ecommerce sector. By doing so, it will boost the sector’s growth.

Software provider for ecommerce brands, Shop Circle, has raised 120 million dollars (111.8 million euros) in a funding round. The startup will use the capital injection to expand its suite of products. It wants to become a one-stop shop software provider for online sellers.

Starcart has secured funding to explore new markets in Europe. The Finnish startup offers an ecommerce platform powered by AI that is revolutionizing online shopping.

Marketplace solution provider Mirakl has secured 100 million euros in debt financing. The funding will be used to enhance its technology and to finance acquisitions. The company was already valued at over 2,92 billion euros in 2021, after a Series E funding round of 468 million euros.

Amazon has launched a flexible financing solution for small and medium-sized businesses in the United Kingdom. Amazon sellers in the country can apply for a cash advance, which will be repaid based on their sales. Loans can range up to two million euros.

Spanish returns management software provider Rever has raised 7.5 million euros in a seed funding round. The capital injection will be used to fund the startup’s growth and international expansion. The company will be adding AI-powered functionalities to its offer later this year.

Irish ecommerce financier Wayflyer has renewed a 300 million dollar (276.7 million euros) debt line. It is currently deploying 2 billion dollars (1.84 billion euros) to more than 3,000 ecommerce business globally.

Berlin-based startup Wonnda has raised 1 million euros in a pre-seed round. The product sourcing platform will use the capital injection to expand its network of manufacturers. It is also planning to incorporate more partners.

British fashion platform Asos has successfully raised 75 million pounds (86.7 million euros) from institutional investors. Additionally, it has launched an equity raise of 5 million pounds (5.8 million euros) from retail investors. With the capital injection, the company wants to improve stock control and reduce costs.

Online fashion marketplace Secret Sales has secured 10 million dollars in a Series B funding round. The capital injection will be used to accelerate expansion into Europe, with 12 new markets. By 2025, the platform wants to be the go-to destination for non-full price retail in all main European markets.

Ecommerce platform Floodlight has raised 6.4 million dollars in a seed funding round. The company offers a smart business account where ecommerce business owners can manage and optimize their finances. “This seed round is an exciting validation of our platform and its potential to meet the needs of unserved SMEs”, says Noam Bernstein, CEO and co-founder.

Ecommerce international expansion software provider Glopal has raised 20 million euros in a Series A funding round. The startup will expand its operations in Europe, the United Kingdom and the United States with a recruitment drive. Additionally, it will use the funding to invest in its technology.

United Kingdom-based ecommerce pricing platform BlackCurve has raised 750,000 British pounds (856,127 euros) in a funding round. With the capital injection, the company wants to expand in its core online markets. It will also drive down its cost of sale.

Fashion marketplace Saclàb has raised 1.6 million euros in seed funding. The company wants to use the capital for product development as well as HR and marketing activities. The platform is also planning a launch in the United States.

Patchworks has raised 4 million pounds (4.4 million euros) in growth capital. The ecommerce integration platform wants to use the funds to enhance its product offering. The company also hired Jim Herbert from BigCommerce as their new CEO.