Funding

Last-mile delivery scale-up Budbee has raised 40 million euros in an investment round. The company is now valued at 700 million euros. The capital injection will mainly be used to expand its network of parcel lockers.

Spanish online furniture seller Hannun crafts wooden furniture from discarded wood. In order to grow further, the company has begun the process to join BME Growth. With the funds that this will raise, the company wants to acquire businesses that share its vision.

PayPal has launched its funding solution for SMEs, called PayPal Funding Pro, in two new European markets: France and the Netherlands. The solution gives SMEs quick and easy access to growth capital. Online sellers can find it in the PayPal Commerce Platform.

Austrian fulfillment company Byrd has raised 53.07 million euros in a Series C funding round. The company will use the capital injection to offer next-day delivery within Europe. It is currently active in seven European markets and will expand into three more.

Eurora, which offers compliance solutions for cross-border ecommerce businesses, has raised 40 million dollars (37.94 million euros) in a Series A round. The capital injection will be used to accelerate the Estonian company's international expansion.

Swedish parcel delivery service Instabox has raised 174 million euros in a financing round. Its value is now estimated at 1 billion euros. This makes it the newest unicorn in Sweden.

Sell.xyz, a Latvian dropshipping startup for customized products, has raised 1,5 million euros in seed capital. The platform has launched selling apparel, cosmetics and supplements. The company follows in the footsteps of other Latvian print-on-demand services.

Fulfillment startup Warehousing1 has raised more than 10 million euros in seed capital. The logistics company wants to use the money to double its employees. In addition, the Berlin-based business will further develop their fulfillment service.

French logistics provider Bigblue has raised 13.66 million euros in a Series A round. The funding will be used to expand further internationally. In order to do so, the company plans to hire 100 new people in the next 12 months.

Finnish social shopping app Blidz has raised 6 million euros in Seed funding. The company will use the funding to accelerate its growth in Western markets. Additionally, the funding will be used to expand the product suite and supply chain.

Dutch online marketplace integration platform ChannelEngine has raised 45.5 million euros in a Series B funding round. The funding will be used to increase the number of marketplaces it works with. The funding round follows a previous Series A funding round a year ago.

Spanish Amazon seller acquisition company Yaba has raised 75 million euros in a funding round. The capital injection will be used to continue buying companies and enter into other marketplaces. It wants to consolidate its position as a market leader in Southern Europe.

Dutch fintech company in3 has raised 10 million euros in funding. According to the company's announcement today, the growth capital is intended to drive product growth and improvement, as well as enable faster staff growth in merchant and customer service. The fintech has also announced a partnership with Worldline.

French fintech Alma has raised 210 million euros in funding. With the capital injection it wants to expand across Europe into Austria, Luxemburg, Portugal, Ireland and the Netherlands. The company is already internationally active in Belgium, Germany, Italy and Spain.

Ecommerce software provider Shopware has announced that it has raised 87.54 million euros in growth capital. The capital injection will be used to accelerate Shopware's product innovation and to expand into new markets. The investment comes from global investment firm Carlyle and PayPal.