Fat Llama Acquired by Hygglo for $41.5M

• Chaz Englander and Rosie Dallas, co-founders of the rental platform Fat Llama, have finalized a $41.5 million buyout by Swedish competitor Hygglo.
• This acquisition creates one of the largest peer-to-peer rental platforms globally.
• Fat Llama, founded in 2016 and accepted into Y Combinator in 2017, allows users to rent items and has grown despite a failed merger with Ruckify.
• Hygglo is a Swedish company that operates a peer-to-peer rental platform, allowing users to rent out various items to others
• Englander and Dallas will retain board seats to assist with the transition despite stepping back from daily operations.

Source: Sifted

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