Berlin, Germany-based multi-mode travel search engine GoEuro received millions in investment in a post-seed funding round from Lakestar to expand its market footprint beyond the UK, Germany, and Spain.
Tags: Europe
Foreign direct investment in Seoul reaches five-year record high
Based on data gathered by the Seoul Metropolitan Government, foreign direct investment (FDI) poured into Seoul, South Korea, reached $6 billion in 2013, an all-time high since the global financial crisis hit in 2008.
European secondhand marketplace Vinted lands $27M to expand to US
Munich, Germany-based secondhand clothes marketplace Vinted landed $27 million in a Series B funding round led by Insight Venture Partners and Accel Partners for its expansion to the US.
US tech media startup Daily Dot adds London news site The Kernel
Texas, US-based tech media startup Daily Dot Media (DDM) added London, UK-based tabloid-style news site The Kernel, whose editor-in-chief is stepping down from his position, for an undisclosed sum.
French carpooling site BlaBlaCar adds Podorozhniki to tap into Russian and Ukrainian markets
In its fourth expansion via acquisition, Paris, France-based carpooling site BlaBlaCar added Podorozhniki for an undisclosed sum to tap into the market of Russia and Ukraine.
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India-based IT and engineering services provider Global Economic Advantage Pvt Ltd purchased Samtel Engineering and Sourcing Solutions Pvt Ltd including its wholly owned German unit for an undisclosed sum.
Germany-based investor-startup matchmaker Venturate has been launched to compete with US-based firm AngelList, a platform that helps lead venture capitalists to the right investment that would fit in their portfolio.
Private equity firms KKR & Co and Permira Advisers exited a 16.6% holding in German commercial broadcaster ProSiebenSat.1 Media AG (PSM)in a deal valued at around €1.26 billion ($1.7 billion).
The French state divested a 1% stake in Netherlands-based aircraft and defense firm Airbus Group for €451 million ($614 million), according to the French economy minister.
UK-based institutional currency investment manager Millennium Global Holdings Inc acquired a 51% stake in Philippine-based seafood exports business Millennium Ocean Star Corp in a deal valued at PHP137.91 million.
Germany-based venture capital firm Global Founders Capital and Luxembourg-based firm Redline Capital invested €6.1 million ($8.3 million) in UK-based short-term e-commerce business loans startup Iwoca.
Ian Brady, chief investment officer of California-based firm Oak Tree Wealth Management Ltd, cautioned about taking risk in credit and property, saying performance in 2014 will be hard to come by.
England-based rigid plastic packaging products supplier RPC Group PLC has added Bosnia and Herzegovina-based injection molder Helioplast d.o.o. in a deal valued at £8.4 million ($13 million).
Norway-based newsprint and magazine paper manufacturer Norske Skog inked an agreement to exit its remaining stake in its Brazilian operations to Papeles Bio Bio SA for $37 million.
