Armut and ProntoPro Merge and Raise €15 Million

September 7, 2022

Turkey’s Armut and Italy’s ProntoPro have merged and raised €15 million in a funding round led by ProntoPro’s existing investors to create a leading local services marketplace across EMEA. The combined business will operate in 14 countries with expanded product and headcount investment to accelerate geographic expansion and market leadership.

Buyers
ProntoPro's existing investors (lead), Hummingbird Ventures, AddVenture (AddVenture VC)
Targets
Armut, ProntoPro
Industry
E-Commerce
Location
Istanbul, Turkey
Transaction Type
Growth capital

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