Tengelmann part of Westwing’s €72m funding round

The €72m funding round brings the total amount raised by Westwing in the last two and a half years to €150m.

Previous funding
According to unquote" data, Holtzbrinck Ventures and Point Nine Capital acquired a minority stake in Westwing in September 2011 and, in June 2012, Summit Partners joined existing investors in a €40m funding round.

Company
Founded in 2011 and headquartered in Munich, Westwing is an e-commerce site offering furnishings and home decor items. It has 1,100 employees in eight countries and operates on three continents. Westwing claims to have more than 12 million members, located in European countries such as Germany, Italy and France, as well as emerging markets in Brazil and Russia.

Westwing's 2013 revenues stood at €110m, three times the 2012 turnover of €41m. Initial 2011 sales figures reached €500,000. A third of the sales are conducted on mobile devices.

People
Stefan Smalla is founder and CEO of Westwing.

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• Topics
• DACH
• Consumer
• Expansion
• Germany