FP Commerce GmbH has concluded its first major financing round; Berlin juice maker Saftfabrik is facing bankruptcy; software company Plinga has brought on board a French investor; Foursquare has received a £20m cash injection; and Fashionette has attracted fresh capital from existing investors.
Financing round completed at FP Commerce
FP Commerce (www.fp-commerce.com) has just completed its first major financing round, according to an entry in the companies‘ register. FP Commerce is the umbrella brand for a Samwer brothers‘ e-commerce offensive pushing items such as baby strollers, lamps and furniture via niche shops.
End of the road for Saftfabrik
Berlin-based juice-maker Saftfabrik (www.saftfabrik.de) is facing closure. The company revealed in a recent newsletter that production will wind down at the end of June 2010. Alexandra Podeanu, Ana Druga and Thomas Förster founded Saftfabrik in December 2008 but have struggled to make the business fly. According to Deutsche-Startups the company will be filing for bankruptcy.
Funding round at Plinga
In April this year Plinga (www.plinga.com), the social gaming developer, completed its latest funding round. New to the list of shareholders is the French VC Seventure Partners and Mediengruppe presse-druck. Existing investors Klingel and Rocket Internet are still on board. The latter, however, diluted its stake to 20 percent.
Foursquare gets $20m
After weeks of speculation and negotiations, the location-based service Foursquare (www.foursquare.com) has completed its second round of financing. Investors included the VC Andreessen Horowitz, Union Square Ventures and O’Reilly Alpha Tech Ventures, who between them coughed up $20m.
Funding round at Fashionette
The luxury retailer Fashionette (www.fashionette.de) has completed another round of financing with its existing investors Sirius Venture Partners and Astutia Ventures. Together the two VCs threw in an additional six-figure sum, Sirius Ventures doing so via its Sirius Seedfonds Düsseldorf arm.