Beringea leads €10m series-B for MYCS

Family office Zimmerman Investments also took part in the round, along with other existing investors.

The transaction is Beringea's first investment in Germany and its second in the DACH region, following a €5m round for Vienna-based Smartassistant in September 2017.

The deal follows the IPO of Home24, another Berlin-based online furniture retailer with VC backing, which listed with a market cap of €600m last week.

Previous funding
Global Founders led a €10m series-A funding round for MYCS in March 2017. US-based software development firm TriPos and business angels Uwe Horstmann and Florian Heinemann also took part.

Company
MYCS is an online furniture retailer with headquarters in Berlin. The company was founded by Christoph Jung, Kachun To, Claudio Bredfeldt and Kai Sap in May 2014. It generated €5m run-rate revenues by the end of 2015 and annual revenues of €10m in 2017. As well as its online shop, MYCS has seven showrooms in Berlin, Paris and Zurich.

People
Beringea – Maria Wagner (investment director).
MYCS – Christoph Jung, Kachun To, Claudio Bredfeldt, Kai Sap (co-founders).

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• Topics
• Expansion
• DACH
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• Consumer
• Beringea Limited
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