VC Round-Up: Auction Site Tamundo Funded; Escapio, Tripsbytips Merge


Tamundo: The recession continues, but VCs are still backing online European start-ups — and it’s been a particularly good weekend for German activity. Berlin-based auction site Tamundo has raised a “high six-figure sum” in first-round funding, as reports. The eBay-style auction platform, which specialises in rare and collectible items, says it has more than 500,000 items for sale and built up a daily userbase of 10,000 since it launch in November last year.

Escapio, Tripsbytips: With summer holidays fast approaching, travel recommendation and booking site is another Berlin-based start-up to receive VC funding. Burda Digital Ventures, part of the Hubert Burda media empire, and Canadian VC firm W Media Ventures have “acquired a significant minority stake”, though the amount was not disclosed. Escapio was set up in 2004 and lists more than 3,000 hotels. The two investors have also increased their stake in German travel advice site as part of the site’s second round funding, and plan to merge the two sites’ business models create a single ownership structure — so Tripsbytips creates the information and Escapio brings in the revenue. Release.

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