3L leads €30m series-D for Lesara

Existing investors Mangrove Capital, Northzone and Vorwerk Ventures all took part in the latest funding round.

The series-D brings the total equity capital raised by the business to more than €90m.

Lesara will invest the fresh capital in new technologies and make its processes more efficient, as well as expand into new markets.

Previous funding
Simile Venture Partners, Cherry Ventures and Paua backed Lesara with approximately €1m in January 2014. In October of the same year, Mangrove Capital led Lesara's €5m series-A, joined by Partech Ventures. All existing investors took part in a €15m series-B in September 2015 with new investors Northzone and Vorwerk leading the round.

Two years later, Lesara raised a $40m series-C. The lead investor was not disclosed but Lesara said that all previous investors took part.

Company
Lesara, founded in 2013, is based in Berlin and Guangzhou, and employs 300 people. It sells fashion brands and jewellery for men, women and children direct from manufacturers at a discount of up to 80% for the consumer.

People
Mangrove Capital Partners – David Waroquier (partner).
Lesara – Roman Kirsch (CEO).

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• Topics
• Expansion
• DACH
• Consumer
• Germany
• Venture