Category: Uncategorized

Online grocery sales are in single digits right now, but new data suggests it will top 20% by 2026 due to more consumers getting comfortable buying their groceries this way over the past two years.

Founded by three ex-Uber alumni — Davor Tremac, Filip Sturman and Ivan Ivankovicz — the two-year-old startup has developed APIs that help digital companies determine and calculate taxes they should collect on their internet sales.

Clutch wants to be Canada’s largest online used car buying platform. The company, which was founded in 2016, just closed out an $80 million (CAD $100 million) Series B round that it will use to grow its team, expand its logistical capabilities and scale its inventory as it prepares to move into new Canadian markets.

Companies snapping up merchants selling on Amazon to build in more e-commerce economies of scale into the model are on a rapid pace of growth at the moment, fueled in no small part by giant infusions of money from the world of venture capital. In the latest development, Berlin’s Razor Group — one of the more ambitious of the aggregators out of Europe — has now raised $125 million of equity funding in a Series B round that CEO and co-founder Tushar Ahluwalia said pushes the company past a $1 billion valuation.

The new $8.5M round will enable Double to accelerate growth and add new features, empowering executives to focus on what matters

The company announced today it has raised $5.7 million led by General Catalyst, with participation from FirstMinute Capital, Signal Ventures, TA Ventures, SV Angel, SpeedInvest and returning investor FJ Labs. This brings Seafair’s total funding to about $7 million.

Juni, the financial companion for ecommerce entrepreneurs, has secured $52M in funding led by EQT Ventures, with participation from FJ Labs and other existing investors to add to the $21M already raised from their Series-A round in late June this year.

Vinay Menda and Issam Freiha are two coffee-obsessed friends who came to New York from Dubai and Lebanon to study at NYU and Columbia, respectively, and started researching the New York coffee scene.

Favo, a Brazilian social commerce platform, closed on $26.5 million in Series A funding to continue developing its app that takes grocery orders through local social networks.

Jeff Bezos is participating in a $50m Series B funding round for London-based Beacon, which has seen its revenues soar during the pandemic, Sky News learns.