Daily Digest - November 6, 2019
Happy Hump Day! Here’s your daily startup digest. As a teaser, we are featuring dogs, crypto currency, and fashion. Quite the combination.
FirstVet raises €18.5 million in funding
FirstVet, a Swedish company providing video-based veterinary services raised €18.5 million in Series B funding. The round was led by Omers Ventures, the London-based VC arm of Omers. The round also saw participation from Creandum, FirstVet’s Series A investor. The Series B brought total funding raised by FirstVet to €24.5 million.
FristVet aims to use the fresh capital to expand its operations globally, starting in the U.S., France, and Germany.
Multi-asset investment platform eToro acquires Delta
eToro, a multi-asset investment platform, recently acquired Belgium based crypto portfolio tracking app Delta. Delta supports the tracking and monitoring of over 6,000 crypto assets and has achieved 1.5 million downloads. The company boasts hundreds of thousands of monthly users.
The terms of the deal remain unknown, however some have speculated it to be worth $5 million. “The team will continue to be based in Belgium, working in close collaboration with eToro and eToroX employees across the globe,” said an eToro spokesperson.
Wardrobe receives $1.5M to launch fashion rental marketplace
After raising $1.5M in seed financing, Wardrobe is set for its public debut. The round was led by angel investor Cyan Banister and Ludlow Ventures. The round also saw participation from GroundUp Ventures, Airbnb co-founder Nate Blecharczyk, and HQ Trivia founder Rus Yusupov, among others.
Wardrobe is a peer-to-peer fashion rental marketplace for vintage and luxury clothing. Unlike other players in the sharing economy, Wardrobe uses dry cleaners as a hub to help to scale more quickly. The company is currently partnered with more than 40 NYC dry cleaners and claims that each dry cleaner holds anywhere between 100 to 1,000 items of clothing.