Northzone leads Lesara’s €15m series-B

Former investors Mangrove Capital and Paua Ventures participated in the round as well.

The fresh capital will be used to expand the business to other countries. The company currently operates in Germany, Italy, the Netherlands, Austria and Switzerland. The product range, with currently 50,000 items on sale, will also be extended.

Northzone is a Swedish VC that usually targets seed capital, early-stage and expansion capital transactions in the technology and cleantech sectors. Lesara is the second German deal for Northzone this year. In March 2015, Northzone led a €20m round for online fashion retailer Outfittery.

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.

Company
Founded in November 2013, Lesara sells fashion brands and jewellery for men, women and children. Headquartered in Berlin, it operates across the DACH region, Italy, the Netherlands and Luxembourg. The 120-strong company sells its products direct from manufacturers at a discount of up to 80%. Lesara has warehouses in Europe and China.

People
Roman Kirsch is the founder and CEO of Northzone. Hans Otterling is partner at the firm.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Expansion
• DACH
• Consumer
• Northzone