JiN
2021-05-17
Nice. Like and comment please
Brand marketplace Ankorstore raises $100 mln for Europe expansion
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Like and comment please","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/192769720","repostId":2136933569,"repostType":2,"repost":{"id":"2136933569","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1621227600,"share":"https://www.laohu8.com/m/news/2136933569?lang=&edition=full","pubTime":"2021-05-17 13:00","market":"us","language":"en","title":"Brand marketplace Ankorstore raises $100 mln for Europe expansion","url":"https://stock-news.laohu8.com/highlight/detail?id=2136933569","media":"Reuters","summary":"BERLIN, May 17 (Reuters) - Ankorstore, an online marketplace that connects independent brands with l","content":"<html><body><p>BERLIN, May 17 (Reuters) - Ankorstore, an online marketplace that connects independent brands with local retailers, said on Monday it had raised $100 million from investors and would invest the proceeds in expanding its footprint across Europe.</p><p> The Series B funding round comes just five months since the last raise by the Paris-based startup, which said it has trebled its business during the course of 2021 even as many shops remained closed due to coronavirus restrictions. </p><p> Ankorstore, whose founders include veterans of arts and crafts platform Etsy , has expanded access to over 5,000 curated brands and brought on board more than 50,000 independent retailers.</p><p> Co-founder Nicolas Cohen said Ankorstore would focus its investments on Britain, Germany, the Netherlands and Sweden.</p><p> \"Brands and independent retailers understand our mission, which is to help them to propose an alternative to the massification and standardisation imposed by the e-commerce giants,\" Cohen said in a statement.</p><p> The investment round was led by Tiger Global and Bain Capital Ventures, with existing backers Index Ventures, Global Founders Capital, Alven, and Aglae also participating, Ankorstore said.</p><p> (Reporting by Douglas Busvine, Editing by Sherry Jacob-Phillips)</p><p>((douglas.busvine@tr.com; 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