Webrazzi, a Turkish technology publisher, has acquired Tech.eu, consolidating technology news across Europe.

Webrazzi, a Turkish startup media company, has acquired Tech.eu, Europe’s longest-running tech startup site, for an undisclosed sum. Webrazzi and Tech.eu will now offer news and market intelligence on a single editorial, data, and research platform as a result of the merger. The transaction’s financial details were kept secret.

Webrazzi has grown to serve 1.5 million unique visitors per month (or 15 million unique visitors annually) since its inception in 2006, and by acquiring Tech.eu, it will now be able to reach a larger audience in Europe and in English.

Robin Wauters, a former TechCrunch writer, founded Tech.eu in 2013, and it has since grown to be one of several European tech startup and innovation news sources. It has, however, had to compete with an increasing number of European-focused publications, including EU Startups, Silicon Canals, and Sifted.eu, which is supported by the Financial Times.

500 Startups, The Founder Institute’s Adeo Ressi, Station F’s Roxanne Varza, Balderton’s Daniel Waterhouse, and Tech.eu’s Carlos Eduardo Espinal all invested, as did Tech.eu’s Carlos Eduardo Espinal (Seedcamp).

Wauters purchased Webrazzi in order to have their own tech stack, including a custom CMS, custom software for managing native advertising campaigns, and an events platform.

“We weren’t looking for anyone to sell to,” he explained over the phone, “but Arda was in touch with us from 2014 when he wanted to invest in our Seed round.” We stayed in touch and talked about each other’s lives even though it didn’t work out.”

“Because we didn’t have a large sales team, it was difficult for us to compete.” Of course, they bring a 25-person team to the table that we can immediately put to use, which was welcome news given the fierce competition in media, data, and events. “With this acquisition, we will be able to accelerate what we want to do,” he added.

Had he noticed an increase in competition in the European media landscape?

“I believe that competition is to be expected. Countless books will be written about the growth and maturation of the European tech ecosystem. I believe we were on time, if not a little early. We were, however, successful in the early years of the company when it was still small. As a result, having multiple publications is now considered normal, as the industry has matured to the point where one publication no longer suffices “According to her, he asserted.

“We raised around seven years ago, right, so it’s not like we’re in constant contact with our investors in the same way that a VC would be with their portfolio companies,” he said when I asked if his investors were pushing for an exit. Initially, a swarm of angels appeared to come to our aid. No one was really pushing for a deal because we weren’t trying to sell. No one, including myself, is exempt from this requirement.”

During our phone conversation, he described the situation as “exciting.” Despite the fact that the pandemic made things more difficult, we were able to sign off on everything after about eight or nine months of work. The deadline for me to contact Robin about expanding into other parts of Europe was the end of 2020.”


Comments

Leave a Reply

Your email address will not be published. Required fields are marked *