lightspeed ecommerce


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.

Turkish ecommerce industry gets attention from investors


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. Continue reading

French startup Lucky Cart raises €1.6 million for expansion across Europe

Lucky Cart

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. Continue reading

Holtzbrinck raises €285mn for ecommerce companies

Holtzbrinck Ventures

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. Continue reading

Westwing receives €25 million funding


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. Continue reading

Turkish ecommerce site Annelutfen receives €3.35mn in funding

Turkish online store

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. Continue reading

Russian delivery service TopDelivery raises funding

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. Continue reading raises €1.37mn to expand to Northern Europe, 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, wants to roll outs its platform in Northern Europe in the next few months, targeting Sweden, Germany and the Netherlands initially. Continue reading

Swedish marketplace Fyndiq gets €16mln in funding

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. Continue reading

Eastern European ecommerce attracts investors

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. Continue reading

German online retailer Lesara scores €5.55mn 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. Continue reading

Luxury shoe store Scarosso raises €8.5mn in funding

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. Continue reading

Swedish e-commerce attracts capital

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. Continue reading

Russian online retailer Ozon raises 108 million euros

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. Continue reading

Funding for social loyalty platform LoyaltyLion

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. Continue reading