Tech.eu , a well-known tech startup website in Europe, has been acquired by Webrazzi , the primary tech startup media title in Turkey. Now delivering merged editorial, data, and research platforms with news and market intelligence is the pooling entity of Webrazzi and Tech.eu. The agreement’s terms weren’t made public.

Webrazzi, which was established in 2006 by Arda Kutsal , currently has 1.25 million users per month (15 million readers annually) and will increase that number with the acquisition of Tech.eu.

Former TechCrunch writer Robin Wauters founded Digital.eu in 2013, and it has since grown to become one of several sources for news on European tech startups and innovation. Although TechCrunch’s European bureau began covering Europe in 2006, it has had to contend with growing competition from a number of other European-focused publications, including EU Startups , Silicon Canals , and the Financial Times-backed Sifted.eu .

Adeo Ressi of The Founder Institute, Roxanne Varza of Station F, Daniel Waterhouse of Balderton, and Carlos Eduardo Espinal of Tech.eu’s investors included 500 Startups (Seedcamp).

Wauters clarified that the acquisition of Webrazzi’s tech stack, specialized CMS, custom software for managing native advertising campaigns, and events platform was a factor in the decision to sell.

Webrazzi’s founder and CEO, Arda Kutsal, stated: “We are thrilled to extend deeper into Europe by purchasing Tech.eu, which we have long regarded as the premier source of technology news and market data. We are inspired by the group’s achievements to date and its well-thought-out plans for the future, and we can’t wait to collaborate with them to make those a reality.

“I have long admired what Arda and his team have built, and I’m excited to bring the knowledge and experience we’ve gained from building Tech.eu as a team to the Webrazzi family and see how far and wide we can take our combined editorial platforms next,” said Robin Wauters, founding editor and managing director of Tech.eu. We are eager to keep chronicling and analyzing the inner workings of the rapidly developing European technology ecosystems under the Webrazzi banner. I completely anticipate that it will be both challenging and enjoyable.

He continued, “We weren’t really seeking for anyone to sell to, but Arda got in contact with us starting in 2014 when he wanted to invest in our Seed round. Although that didn’t happen, we continued in touch and talked about each other’s businesses, and as they say, “one thing led to another.”

Because we didn’t have a sizable sales crew, it was really challenging for us to compete. The fact that they bring a team of 25 people to the table that we can immediately use pleased me greatly because there is fierce rivalry not only in the media sector but also in the data and events sectors. With this acquisition, we will be able to move more quickly toward our goals, he continued.

Had he observed a rise in competition in the European media landscape?

“I consider the competition to be standard. There are going to be a lot more papers if you look at how the European tech sector has developed and expanded. I believe we arrived early—possibly even a little too early. However, during the early years, when it was still a modest business, we succeeded. But now that it’s developed to this stage, I believe that no single newspaper can do it credit, therefore it’s normal that there are several,” he remarked.

I questioned whether or not his investors were pressuring for an exit, and he replied, “We raised money around seven years ago, so it’s not like we’re in continuous contact with our investors the way a VC would be with their portfolio firms. The first time, it felt more like a band of angels was there to help. Since we weren’t actually looking to sell, nobody really pushed for a deal. nobody, not even me.

It’s exciting, Kutsal said to me over the phone. The epidemic made things difficult, but we were still able to sign everything. We’ve been working on this for the last eight to nine months. I had always wished to reach out to many parts of Europe, so at the end of 2020, I called Robin.

Webrazzi’s technology stack, he claimed, played a significant role in the transaction: “We have so many technologies. We have our own native advertising solutions, online event platform, content management system, and everything else. I came to the realization at one time that Robin had a wonderful team but no proprietary technology, which was crucial to the purchase.

He stated that the combined company now intends to grow even more in Europe, potentially in Russia, and the MENA region.

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