Investment Intelligence provides up-to-date private equity information and news designed for entrepreneurs, private equity investors and corporate acquirors interested in Central & Eastern Europe.

Accel Partners

Groupon May be on the Verge of Large DST Investment

Posted Sun, 18/04/2010 - 00:00 by Invest-IQ Team

American "deal-of-the-day" retailer, Groupon, may be on the verge of a new round of funding based on a valuation estimated to be near USD 1.35 billion. Late last year the company raised USD 30 million, on a valuation of USD 250 million, from New Enterprise Associates and Accel Partners. A lead investor for the new round has not been disclosed but speculation abounds that Digital Sky Technologies (DST) is a likely candidate. Last year DST invested in Facebook and Zynga, both of which are funded by Accel Partners.

Accel Partners Leads $20m Funding Round for KupiVIP.ru

Posted Wed, 03/02/2010 - 12:38

KupiVIP.ru, the Russian online shopping club led by CEO Oskar Hartmann, recently concluded a third round of new funding to the tune of USD 20 million. U.S.-based Accel Partners led the round and was joined by previous investors Arlan, Direct Group, Mangrove Capital Partners, and Oliver Jung. KupiVIP.ru has managed to raise a total of USD 31 million after its first to rounds brought in USD 3 million and USD 8 million, respectively. The new funding will be used to improve logistics and operational infrastructure.