Home design ecommerce platform Lovethesign has announced it has received more than 3.7 million euros ($4 million) in Series A funding. The round was led by United Ventures and has also attracted some private investors from the Italian fashion and design industry.
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.
Ecommerce platform Shopify has announced its intent to go public. The Canadian company is said to have plans to raise up to 94 million euros ($100 million) in the IPO and will list under the symbol “SHOP” on the New York Stock exchange.
Curated fashion platform Farfetch this week announced a €78 million round of investment, led by DST Global, with participation from existing investors Condé Nast International and Vitruvian Partners. The money will be used to further expand across the globe, such as launching websites in German and Spanish.
Online furniture retailer WorldStores got 25 million pounds, or 34.5 million euros, in a funding round led by Goldman Sachs. Existing investors Balderton Capital, Advent Ventures, and Serena Capital also participated. In total 64 million euros are invested in the online retailer and operator of flash sales site Casafina.
Crowdfunding platform Symbid today announced the launch of the Funding Network. This is a platform that connects small- and medium-sized enterprises to all types of funding, whether they are traditional or alternative like crowdfunding.
In the coming financial year 2015/2016, the Otto Group plans a high double-digit million investment in the venture capital business. With this move, the international retail and services group will build on its position as one of the largest venture capital providers in Germany.
The solid and fast-growing ecommerce market in Turkey has got the attention from several investors. The latest one to show interest is the Abraaj Group. This Dubai-based private equity firm purchased a 25% stake in Hepsiburada, Turkey’s largest online retailer. The deal is the latest in a steady stream of online-oriented acquisitions in Turkey.
Lucky Cart, a French startup that specializes in so called ‘promogaming’, has raised 1.6 million euros from Partech Ventures, Kima Ventures, Venture Pleiades, Fa Diese and Edenred. With this new funding, Lucky Cart wants to expand in Europe, expand its sales team and develop a SaaS platform.
Holtzbrinck Ventures has announced the first and final close of its latest fund, with 285 million euros of commitments. With its six fund the venture capital investment firm attracted capital from several investors. This money will be used to back more consumer internet businesses, with an emphasis on ecommerce, ranging from around 500,000 euros to 40 million euros per round.
Westwing Group just announced it has received 25 million euros in funding from existing investors. Including this round of funding, the German company now has been financed with a total of 179 million euros since its founding only four year ago.
Annelutfen, a popular Turkish ecommerce site that is focused on the baby and mother market, announced the successful completion of a 4 million dollar investment (€3.35 million) led by Elixir Capital, a Silicon Valley-based private equity fund.
TopDelivery, which offers several integrated delivery services for online retail in Russia, has raised investments from Impulse VC. With this money, TopDelivery wants to further improve its logistics, customer services and IT system. TopDelivery also wants to expand its delivery area, which now covers the whole territory of Russia.
TheFashion.com, a European fashion discovery platform has closed a $1.7 million (€1.37 million) seed funding round led by North East Venture Capital and The Danish Growth Fund. With the money, TheFashion.com wants to roll outs its platform in Northern Europe in the next few months, targeting Sweden, Germany and the Netherlands initially.
Fyndiq, a popular online marketplace in Sweden, received a 20 million dollar (€16.03 million) Serie A funding. Investors are Northzone and Industrifonden. Before this funding, Fyndiq has raised 4 million euros in funding from private investors. With the money, Fyndiq will continue growing in Sweden, as well as launching into new markets.
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.