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€25 million in fresh funds and €449 million valuation for Westwing

7 January 2015 15:42
By Tornado Staff

Westwing, a German online retailer focussed on home & living, has raised a new funding round of €25 million from existing investors. One of these, Rocket Internet, disclosed that based on this financing round, Westwing’s post-money valuation increased to €449.2 million.

Westwing offers daily sales of home accessories and furniture to its 19 million members. Founded in 2011 in Munich, the company is active in 15 markets on three continents and already employs more than 1,400 people. In fiscal year 2013, Westwing reported €112 million in net sales.

At the beginning of 2014 Westwing received €72 million which it used, among other things, for the expansion to Belgium, Kazakhstan, Slovakia, Czech Republic and Hungary. This latest round will also support further growth plans. Over the years, the company has now raised a total of €179 million from the likes of Access Industries, Fidelity Worldwide Investment, Investment AB Kinnevik, Odey, Summit Partners and Tengelmann Ventures.

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