Meet DreamCheaper, fresh money for Rocket’s Spotcap, Pearlfection shuts down, Farfetch launches in Germany.
€5 million for Spotcap
Rocket Internet’s FinTech startup Spotcap, an online credit platform, has raised €5 million from Kreos Capital, Europe’s largest provider of growth debt to high-growth companies. Just last October, Spotcap announced a €14 million funding from Access Industries and Holtzbrinck Ventures.
Pearlfection shuts down
The idea to mass-produce individual jewelry didn’t work out for Pearlfection: the startup, that started 2008 in Munich, now has to file for bankruptcy.
London’s fashion marketplace Farfetch launches in Germany
With a validation of over a billion though not being profitable yet, the high-end fashion marketplace from London starts in Germany. In the beginning of this month it raised a Series E round ($86 million) from E.ventures, DST Global, Vitruvian Partners and Condé Nast.