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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