Armut.com, an Istanbul, Turkey-based provier of a services marketplace, raised $3.2m in Series A funding.
The round was led by new European marketplaces-focused venture capital fund Addventure, with participation also from existing seed investor Hummingbird Ventures.
The company, which has raised $4.2m in total, intends to use the funds to grow its marketing and product teams and expand regionally.
Co-founded by Basak Taspinar Degim and Erol Degim, Armut.com operates a local services marketplace which leverages a proprietary matching and pricing algorithmt to deliver services via 90,000 professionals.
The site has 7 million monthly pageviews with 1.5m service requests sent in 2015.
FinSMEs
21/06/2016