5. April 2016–
Monoqi gets €3.5 million loan
Berlin-based design startup Monoqi gets €3.5 million without handing out any equity. The loan comes from Davidson Technology Growth Debt Fund. The money will be used to expand worldwide. Monoqi was founded in 2012 by Simon Fabich and Felix Schlegel and has a 130 person strong team. The idea behind the startup is to sell products in so-called “Flash Sales”.
Africa Internet Group receives another $85 million
Africa Internet Group, backed by Berlin-based startup and clone factory Rocket Internet, recently announced a $326 million investment. Now, mobile giant Orange joined the club. The company invested $85 million and will also join as a strategic partner to push and promote the business.
Online language school raises €3.7 million
Berlin-based language school Lingoda raises a €3.7 million round. It is led by Grazia Equity, existing investors Mountain Partners and German Startups Group also participated. The startup will now focus on growth and increase marketing activities.
Image: Gruenderszene (Monoqi)