Ukrainian grocery-delivery service Zakaz.ua picks up $2.5M from Chernovetsky Investment Group

zakaz-ukraineForbes Ukraine reports that Ukrainian grocery-delivery service Zakaz.ua has picked up $2.5 million in funding from Chernovetsky Investment Group, an investment firm created by Leonid Chernovetsky, former mayor Kiev and founder of Pravex Bank.

The firm was created back in 2012 and reportedly has $750 million in capital, but this is their first public deal. Although Zakaz has concentrated on the Ukrainian market to date, they have broader ambitions. With this latest backing, the company is planning expansion to Brazil, China, and southeast Asia. 

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Hazelcast raises $11M as part of Earlybird’s Digital East Fund investments

hazelcast-logoHazelcast, an open source data distribution platform, announced that it has raised a $11M funding in Series B led by Earlybird Venture Capital, and existing investors that include Bain Capital Ventures and angel investor Ali Kutay. It’s the fourth investment of Earlybird’s Digital East Fund which is currently at $135m in total commitments.

Founded in Istanbul and moved to Palo Alto in late 2013, Hazelcast has grown to be the leading open source In-Memory Data Grid and up-and-coming NoSQL technology provider in the world.

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Startup Offices: Deezer’s Paris headquarters


Deezer has become a success story of France’s internet sector, expanding to over 100 countries in just 3 years, offering a music catalogue of around 35 million songs to its subscribers. We had the chances to stop by the headquarters as they prepare to step up their operations in North America. Stay tuned for more office tours.

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Property Partner lowers barriers to investing in real estate

propertypartnersCrowdfunding has become increasingly popular as a means for “ordinary people” to access services which might have been previously unavailable. Whether investing in companies, backing a project, or something else, one of the more exciting possibilities about crowdfunding is breaking down barriers to participation. Real estate remains one area with significant barriers to less-wealthy individuals. London-based Property Partner is aiming to lower these obstacles to those who may be interested in this type of investing.

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Mail.ru pays $1.47B for full ownership of Russian social network Vkontakte

Vkontakte-screenMail.ru Group who has agreed to pay a total of $1.47 billion for 48% remaining shares Russian social networking giant Vkontakte. Acquiring the shares in an all cash deal from Blesmir Development Limited and Palagon Limited, Mail.ru plans to fully consolidate VK as quickly as possible, according to the press release.

As a part of the deal, all ongoing litigation and shareholder disputes between United Capital Partners and ousted VK-founder Pavel Durov “have also been settled”.

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Webrazzi Summit 2014 to host a highly influential group of speakers from around the world

summit_yatay-700There are only 10 days left for one of the most influential web conferences in CEE and MENA regions. Webrazzi Summit will once again bring together an extremely fascinating group of speakers who will address the global and regional topics that largely dominate today’s  internet economy and startup scene.

The keynote presentations, panels and fireside chat sessions will cover a wide range of issues and insights for tech businesses, including digital marketing, social media, e-commerce, venture capital, angel investment, online gaming, mobile apps and more.

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Delivery Hero raises $350M in growth funding

delivery-hero-screenEurope’s largest food delivery business Delivery Hero has announced a huge new round of funding valued around $350 million. The round is led by existing investors Insight Venture Partners and Kite Ventures as well as a new investor, Vostok Nafta, who can be best remembered with its latest $150 million investment in GetTaxi last August.

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DN Capital raises €144M for its 3rd European venture and growth fund

DNcapitalDN Capital, a leading venture and growth investor in the UK, has announced today that it has raised €144 million ($200 million) for its third venture capital fund, GVC III. The new fund, which is three time larger that the previous one, will be invested in early and growth stage companies in northern Europe, particularly the UK, Germany, and the Nordics.

The London-based company said a part of the funds will be allocated for US companies that are expanding into Europe.

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Enevo closes $8M funding, eyes Middle Eastern and African markets

enevo-screenSmart waste management startup Enevo announced today that it has raised $8 million of international funding to further improve its sensor-based waste collection system and expand to global markets. The round includes Earlybird, Lifeline Ventures, Finnish Industry Investment, Draper Associates and Risto Siilasmaa, among others.

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Social-media influencer network Brandnew raises $1.9 million from the city of Berlin and from private investors

BrandNewio-logoBerlin-based Brandnew, which connects “top influencers” on Instagram, Facebook, Pinterest to deliver native ads, announces that they have obtained $1.1 million in a grant from the city of Berlin and $845K from a network of investors that includes PubliGroupe, Berlin Ventures, and Lukas Kircher.

The company says that this funding will be directed towards developing their technology, implementing new market strategies, and developing new brand partnerships. Brandnew already partners with companies like Coca Cola, Adidas, Ford, L’Oreal, and Uber and says that they current have more than 800 profiles in their “influencer network.”

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