Tuesday! Here are your news from Berlin:
Axel Springer Invests $20 Million Into Online Magazine OZY
Axel Springer announced that it has invested $20 million into the Silicon Valley based online magazine OZY. The publication that covers stories on news and culture was founded last year by Carlos Watson, a former MSNBC anchor. OZY’s aim is to bring readers “news and information in a completely different way.”
$7 Million A Round for C&A and Primark challenger Lesara
German online retailer Lesara announced a $7 million Series A lead by Mangrove Capital from Luxemburg. US-based Funderguild, Fabrice Grinda and previous investors including Partech Ventures, KupiVP founder Oskar Hartmann, Marafoni founder Sina Afra and others joined the round.