Funding

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.

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.