Insight invests in DaWanda

According to reports in the German media, Insight has bought out previous investors Holtzbrinck Capital and Vorwerk Ventures and now holds a 55.7% stake.

New investors Global Founders Capital, Canada-based Enfield Holding and Cyprus-based Kersiwood Holdings also invested in the round, which reportedly exceeded €10m.

The fresh capital will be used to grow the company in its home market and internationally.

Previous funding
DaWanda first raised outside capital in February 2007, when Holtzbrinck Ventures invested in the company. Point Nine Capital, Kima Ventures and Piton Capital injected further growth capital in November 2010, while Vorwerk and Piton invested €4m a year later.

Company
Founded in December 2006, DaWanda is an online marketplace allowing users to sell their handmade products. 300,000 people use the site to sell around 5 million objects such as jewellery and home furnishings. The company is headquartered in Berlin, with further offices in France, Spain, Italy and the Netherlands. DaWanda has 160 employees and generated revenues of €140m in 2014.

People
Claudia Helming is founder and managing director of DaWanda. Brad Twohig is a principal at Insight Venture Partners.

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• Topics
• DACH
• Expansion
• Technology
• Germany
• Holtzbrinck Ventures