HTGF reinvests in Rebelle

The deal value stood at around €5m. Both original investors, Hanse Ventures and HTGF, reinvested in the start-up's series-A funding round, along with new investor HCS Beteiligungsgesellschaft. HTGF is said to have significantly increased its contribution, having invested €500,000 in August 2013. Subsequent investments can, according to HTGF's website, rise to €2m.

The fresh capital will facilitate Rebelle's further development in the German-speaking market and drive its internationalisation. The growing luxury goods market had a global volume of €217bn in 2013, according to Rebelle.

Hamburg-based start-up incubator Hanse, along with founders Cécile Gaulke and Max Schönemann, operate Rebelle through Style Remains.

Company
Founded in spring 2013, Rebelle is headquartered in Hamburg. A team of approximately 20 employees operate the website, which offers luxury and high-end fashion and accessories. Sellers can post and market their used designer wear, which is assessed for quality and authenticity by a team of experts.

Rebelle's service includes creating professional text and image materials for the sales process, as well as delivery. More than 7,000 products from 600 brands have been placed for sale on the website since inception.

People
Markus Andrä is an investment manager at HTGF. Sophie-Cécile Gaulke and Max Laurent Schönemann are co-founders and co-CEOs of Rebelle.

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• Topics
• DACH
• Expansion
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• Germany
• High-Tech Gründerfonds