Northzone and eEquity inject €14m in Na-Kd

The deal marks the sixth investment for eEquity III vehicle, which held a first close on €60m in September 2015.

Alongside the capital injection, both GPs will nominate their representatives in the company's management board to provide entrepreneurial expertise to the business. Moreover, the company aims to use the fresh capital to improve the customer experience as well as boost its marketing strategy. In Q1 2017, the company intends to expand its team through the opening of a new office in Stockholm and a central depot in the Netherlands, dedicated to ease deliveries across continental Europe.

Following the transaction, the company's founder and CEO, Jarno Vanhatapio, will remain the firm's largest shareholder, while its chairperson Mangus Emilson will become the third largest owner. Alongside new investors, the company's shareholder base includes 13 business angels.

Company
The business is headquartered in Gothenburg and runs an online retail platform focusing on clothes and fashion accessories. Founded in April 2015, the firm launched its na-kd.com website in December of the same year and claims to have had 15 million visitors in 2016.

Currently, the business employs a staff of 90 people and distributes across 140 countries posting a turnover of €22m in 2016, according to a statement.

People
Northzone Ventures – Jessica Nilsson (partner).
eEquity – Patrik Hedelin (partner).
Na-Kd – Jarno Vanhatapio (founder, CEO); Mangus Emilson (chair).

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