Vorwerk and venturecapital.de back pauldirekt
Vorwerk Direct Selling Ventures, the investment arm of Vorwerk Group and venturecapital.de have invested in online retailer pauldirekt.
The investment was made from the venturecapital.de fund.
Company
Based in Munich, pauldirekt is an online shopping club with more than 1.2 million members. The company offers the opportunity to purchase electronics and lifestyle products at reduced prices. In order to provide discounts, pauldirekt buys goods in large batches and also has partnerships with manufacturers.
People
Jens Munk is managing partner at venturecapital.de.
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