Global investors are looking with increasing interest to the ecommerce industry in Eastern Europe. The growth and trends in this region attracts the attention of international ecommerce players and investors. For example in Turkey, there’s a raised interest of investors, mostly in the clothing sectors.
For ecommerce startups it’s hard to exist without some serious money. Luckily there are investors who are always looking to put their money into interesting and promising companies, hoping to get more money out of them than they put in. On this page you’ll find articles we wrote about funding.
Lesara announced a €5.55 million Series A funding, led by Mangrove Capital from Luxemburg. Funderguild, Fabrice Grinda and previous investors like Partech Ventures also joined the round. The fresh funding will be used to expand to more countries, and to further develop its logistics infrastructure. Eventually, Lesara’s founder Roman Kirsch wants to turn the German website into the largest pan-European online budget retailer.
The Berlin-based company Scarosso has pulled a €8.5 million investment in Series B financing, led by NEO Investment Partners, DN Capital and IBB Beteiligungsgesellschaft. The company that makes and sells handcrafter Italian shoes via its website has had a successful year and that attracted new investors who believe in its vertically integrated business model.
New technology solutions, smartphones and changing consumer behavior has given the Swedish retail industry a facelift. Now, the industry is a hot niche for investors as more and more venture capitalists, from Scandinavia as well as other European countries, are investing heavily in Swedish online retailers and other ecommerce companies.
Ozon has raised 108 million euros in funding from holding company Sistema and telecommunications provider MTS. Both parties have invested 75 million dollars (€54mn) in exchange for a 10.8% stake each. Russia’s largest ecommerce company is now valuated at about 500 million euros.
LoyaltyLion has closed a seed funding round of 370,000 euros led by EC1 Capital. The European social loyalty platform enables small ecommerce stores to offer a loyalty scheme that rewards customers for all sorts of activities. It’s compatible with commonly-used ecommerce platforms like Shopify, Magento and SEOshop.
Takeaway.com has received 74 million euros worth of funding from investment companies Macquarie Capital and Prime Ventures. It’s not the first time the Dutch company, specialized in online food ordering and home delivery, got funding as it received an investment of 13 million euros from Prime Ventures back in 2012.
The UK-based startup Ometria has disclosed a 1.5 million dollar (€1.08 million) seed round this week from a group of angel investors. The new funding will be used to grow the team and to further develop its ecommerce intelligence platform, which provides retailers with insights relating to customer behavior and product performance.
Oxatis, the French provider of ecommerce software, got a capital injection worth 3.5 million euros from Omnes Capital and A Plus Finance. With the fresh funding, Oxatis is able to boost its research and development team, which is a part of its growth strategy. Also, sixty new features will be added to Oxatis’ software-as-a-service platform.
British ecommerce delivery platform Scurri announced it raised €1.2 million in seed capital funding, led by Episode 1 Ventures, ACT Venture Capital and Haatch. These companies joined existing Angel investors to fund Scurri’s expansion plans. The ecommerce delivery platform wants to develop further in the United Kingdom.
The French ecommerce software company PrestaShop raised 6.75 million euros of investment capital last week from XAnge, Seventure Partners and Serena Capital. The extra capital will be used to conquer other markets, accelerate product development and improve technology. PrestaShop got 3 million euros with a previous funding round in September 2011.
Otto, the second biggest ecommerce player in Europe, is investing some serious money in its own online business in order to keep up with the rapid expansion of Amazon in Europe. A ‘mobile-first’ approach and a new fashion website should help Otto making this ambitious plan happen.
Foodpanda received another 20 million dollars (€14,8mln) in funding from a group of investors. With this new investment Foodpanda, and its affiliated brand Hellofood, will try to expand its global presence. The goal is to roll out to over forty markets by the end of the first quarter this year.
Trustpilot raised 18.3 million euros in Series C financing. With the extra money the Danish company wants to expand its online reviews service to international markets. Global expension in 2013 already let to opening of offices in New York and London.