Fruugo

  • Lessons From 10 Disappointing Euro Tech Stories Of 2009

    Lessons From 10 Disappointing Euro Tech Stories Of 2009

    So it’s the end of 2009 and an appropiate time to take stock. We’re not going to bore you with a long analysis of the year. Suffice it to say that funding for Europen startup tech companies remains tight. And when VCs are running out of LPs to go to, you really know it is. The VC model is still finding its feet in a market where exits are still not that clear. For many companies… Read More

  • Finnish startup Fruugo avoids meltdown with approx. €1 million in bridge funding

    Finnish startup Fruugo avoids meltdown with approx. €1 million in bridge funding

    Finnish startup Fruugo fascinates me to no end. Founded in late 2006, the company set out to build a massive pan-European social e-commerce service, which it finally launched in closed beta at the beginning of this year. Their mission statement? To make Fruugo the equivalent of Google in search when it comes to social commerce on the Web. The company reportedly raised dozens of millions of… Read More

  • Boom Or Bust? Social Shopping Startup Fruugo Raises Funding To Stay Alive

    Finnish startup Fruugo fascinates me to no end. Founded in late 2006, the company set out to build a massive pan-European social e-commerce service, which it finally launched in closed beta at the beginning of this year. Their mission statement? To make Fruugo the equivalent of Google in search when it comes to social commerce on the Web. The company reportedly raised dozens of millions of… Read More

  • More Consolidation In Europe: GoAdv To Acquire LeGuide.com For €50 Million

    More Consolidation In Europe: GoAdv To Acquire LeGuide.com For €50 Million

    After Meetic buying the European operations of Match.com last week, here’s another sign the online media landscape in Europe is changing in the face of a dire economy: pan-European online media company GoAdv will later today announce that it has proposed to acquire LeGuide.com, an 11-year old network of shopping portals operational in 14 European countries, for €50 million (about… Read More

  • Fruugo Debuts Closed Beta Of Highly Anticipated Social Shopping Service

    Fruugo Debuts Closed Beta Of Highly Anticipated Social Shopping Service

    Last (and first) time we wrote about Finnish stealth startup Fruugo, we feared that they might be stumbling right before their expected launch at the upcoming SIME conference. The company was rumored to be burning heaps of cash and laying off staff at a rapid pace before an actual product was ever released to the public. That on itself is extraordinary, considering that Fruugo is assumed to… Read More

  • Is Stealth Startup Fruugo Stumbling Right Before Launch Day?

    Is Stealth Startup Fruugo Stumbling Right Before Launch Day?

    Rumor has it that Finnish social e-commerce startup Fruugo is burning through a heap of cash, both hiring and firing employees at a rapid pace and dealing with some disappointed potential customers. Caveat: the service hasn’t even been launched yet. It’s definitely a serious venture: they’re assumed to be backed by tens of millions of euros, employ a workforce of around… Read More