Funding

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.

Spanish software startup Stockagile has raised 2.5 million euros in seed capital. With the funds, the company wants to further develop its omnichannel management software and marketing strategy. The company aims to be a ‘leader in omnichannel sales management in the retail sector’.

Payment service Klarna has closed 800 million dollars in funding. During the investment round, the company’s valuation dropped even lower with 85 percent. CEO Sebastian Siemiatowski berates ‘the steepest drop in global stock markets in over fifty years’.

Finnish ecommerce startup Starcart has raised 1,4 million euros. With the capital, the company wants to strengthen operations in Finland. Additionally, the comparison service wants to expand across Europe.

British online supermarket Ocado has raised 670 million euros (578 million pounds). With the money, the company wants to expand further in order to become the top provider for automated grocery fulfilment.

Dutch online specialty coffee seller Wakuli has secured funding from investors. The size of the investment was not disclosed. Wakuli will use the capital injection for product innovation and expansion in Germany and Belgium.

Lemonero, an ecommerce lending startup from Czech Republic, has raised over 10 million euros in seed capital. With the funds, the company wants to expand into several European countries. Lemonero currently works with hundreds of online stores in Eastern Europe.

Startup JUST, which enables a one-click checkout for online stores, raised 3 million euros in seed capital. The solution can increase conversion by nearly 20 percent, according to the company. The one-click checkout landscape is highly competitive.

Instant Commerce, a Dutch ecommerce software startup, has raised 2 million euros in seed capital. With the investment, the company wants to double its employees. Instant Commerce also wants to increase brand awareness in Europe.

Clearco, an ecommerce investor from Canada, has launched in Germany. The firm pledges 500 million euros to German online businesses. Just three months ago, Clearco set foot in Ireland, where it recently had staff layoffs.