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E-commerce fraud prevention venture, Forter, raised $300 million in Series F funding led by Tiger Global Management, with participation from Third Point Ventures and Adage Capital Management.
Profits at Royal Mail soared as the coronavirus pandemic drove a surge in demand for online deliveries.
Pretax profits jumped to £726 million in the 12 months to the end of March, up from £180 million the previous year. Adjusted operating profit, meanwhile, rose to £702 from £325 million.
Fast fashion e-commerce venture Shein moved past Amazon to become the most downloaded shopping app on iOS and Android in the US, according to data from App Annie.
The China-based startup, which is reportedly valued at more than $15 billion, mainly focuses on women’s wear, although it also offers men’s apparel, children’s clothes, accessories, shoes, bags and other fashion items.
Back Market, an online marketplace dedicated to refurbished electronics, announced a Series D round of £237 million led by General Atlantic.
Merchant commerce platform Pine Labs announced the first close of a $285 million funding round, pushing its valuation to $3 billion.
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