Adevinta Branches Out with new Investment

May 27, 2020
Share this Post: 

Real estate companies have been known to expand outside of the industry to dip their toes into other endeavors. 

Adevinta has done just that. The Adevinate Ventures team is investing in MEDWING for a second time. MEDWING, one of the leading healthtech companies in Europe, is running a series B funding round, led by Cathay Innovation with participation from Northzone, Atlantic Labs, and Cherry Ventures. MEDWING looks to raise €28 million in this round

MEDWING will use the funding to support innovation and develop new features, products, and offer new services for the healthcare industry. The capital will also go towards expanding its international business and team. 

Ovidiu Solomonov, VP Global Markets, and Ventures at Adevinta, says:

“Medwing gives power, autonomy, and transparency to nurses, addressing some of the inefficiencies in the healthcare staffing industry. Medwing perfectly illustrates our view that digital marketplaces can help to unlock supply in sectors which are not yet fully online. This is why we chose to double-down on our investment in Medwing through their series B.”

Adevinta is a digital marketplace giant in Europe, focused on digitizing the entire buying and selling process. Helping another company outside of its focused industry to digitize further spreads its goal that the future is tech.

May 27, 2020
Victoria has been writing about property portals and marketplace sites for Online Marketplaces for over 3 years. She is also our resident artist and is responsible for all of the infographic content on the site.

Subscribe to our mailing list to get news updates!

Enter your email address and get updates from Online Marketplaces.

Related News

Recognition for 'Fast-Growing' Signifi Media

Australian online and digital marketing solutions company Signifi Media has been listed in a prestigious report. The Australian Financial Review’s...

Read More
Lpw Colombo
LankaPropertyWeb Launches Guide to Buying and Selling Property in Sri Lanka

Leading Sri Lankan property portal LankaPropertyWeb has released a guide to buying and selling property in the island nation. Designed...

Read More
Casap Appointment Booking
French PropTech Casap Raises €2.2 Million and Plans to Launch a New Portal

Parisian PropTech startup Casap (formerly Scoppe) has announced that it has raised €2.2 million in seed funding and that it...

Read More
Nobroker Unicorn
Indian FSBO Vertical NoBroker Ties Up Funding Round to Become a PropTech Unicorn

Indian housing marketplace NoBroker has announced that it has raised $210 million dollars in a Series E funding round and...

Read More

Popular News