VC-backed eShop buys ChicPlace

According to press reports, the deal saw ChicPlace's management team retain a minority stake in eShop.

The acquisition follows eShop's recent purchases of competitors Mimub, Mamuky, Elarmariodelatete, Todovino, Expitit, Enolobox and Nonabox.

Following the transaction, eShop will boost its business across Spain, Italy and France, and expand its team, which reached a headcount of 100 at the time of publication.

Previous funding
In May 2014, eShop secured a €7.6m funding round from Qualitas Equity Partners, Bonsai Capital, Kibo Ventures, Onza Capital, Nature Capital and Agora Inversiones.

Company
Founded in 2013 and headquartered in Barcelona, ChicPlace.com was established by the founders of Spanish accelerator Antai Venture Builder, Gerard Olivé and Miguel Vicente, alongside Sergi Pastor and Marta Antúnez.

The business runs an online retail platform and employs 10 people.

People
eShop Ventures – Alfonso Merry del Val, Rafael Garrido (co-founders).
ChicPlace.com – Gerard Olivé, Miguel Vicente, Sergi Pastor, Marta Antúnez (co-founders).

Advisers
Company – U&Law (legal); Delvy (legal).

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• Topics
• Portfolio management
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• Southern Europe
• Spain
• Build-up