Westwing raises €25m in series-D funding

Since inception, the company has raised a total of €179m. Westwing raised its first funding round in September 2011 from Holtzbrinck Ventures and Point Nine Capital, according to unquote" data. Summit Partners joined the previous investors in the company's €40m series-B funding round in June 2012.

In April 2014, Tengelmann Ventures, Fidelity Worldwide Investment and Odey committed €72m to the company. Investment AB Kinnevik and Holtzbrinck Ventures, both backers of e-commerce companies Zalando and Rocket Internet, are invested in Westwing.

Investors confirmed to have taken part in this latest round include Access Industries, Fidelity Worldwide Investment, Investment AB Kinnevik, Odey, Summit Partners and Tengelmann Ventures.

The company plans to expand further, both geographically and in the home and living market, following this latest round. Westwing used its previous funding to expand into Belgium, the Czech Republic, Hungary, Kazakhstan and Slovakia, as well as to build seven logistics centres worldwide.

Company
Founded in 2011, Munich-headquartered Westwing is an e-commerce website offering home accessories and furniture. It has 19 million members throughout Austria, Belgium, Brazil, the Czech Republic, France, Germany, Hungary, Italy, Kazakhstan, the Netherlands, Poland, Russia, Slovakia, Spain and Switzerland.

With 1,400 employees, the company generated turnover of €112m in the 2013 financial year.

People
Stefan Smalla is the CEO and founder of Westwing.

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• Topics
• DACH
• Expansion
• Consumer
• Germany