Category: Fundings and Exits

Wefox acquires digital insurance carrier One

Wefox, the insurance platform that enables customers, insurance brokers and insurance providers to transact and manage insurance products digitally, has acquired One, a fully digital and newly launched insurance provider. Although terms of the deal remain undisclosed, I understand the two companies already shared a number of investors, including Wefox investing in One itself, and…

Elastic enters APM space with Opbeat acquisition

Today, at Elastic’s customer event in London, the company announced it has acquired Opbeat, a SaaS-application performance management vendor for an undisclosed amount. All 15 employees have already joined the Elastic team. Opbeat focuses on monitoring applications written in Javascript. What’s more, it maps production application issues directly to the relevant developer source code, making…

JD.com invests $397M into luxury marketplace Farfetch as part of a new strategic partnership

JD.com, China’s second-largest e-commerce company after Alibaba, is pumping $397 million into Farfetch, a marketplace for luxury brands, as part of a new strategic partnership. JD.com founder and CEO Richard Liu will take a seat on Farfetch’s board as part of the deal, which makes JD.com one of its largest shareholders. Last year, Farfetch raised…

Russian freight service Deliver closes seed round of $8M, with European plans

Russia-based online freight service Deliver (formerly iCanDeliver) has closed a seed round of $8 million. The startup automates the process of ordering freight transport and makes things more efficient by finding the closest sender. Inventure Partners (which has invested in Gett, Busfor, Amwell, Chronext and Netology) invested $3 million, joining A&NN Group and Singapore-based Amereus…