Eight Roads et al. in £40m round for Made.com

According to a report in the Sunday Times, an unnamed new investor also took part in the round, which will fund the company's international expansion strategy.

Since first securing VC backing, Made.com has expanded across Europe and currently has a presence in the UK, France, Italy, Germany, Belgium and the Netherlands. It has increased its headcount from 11 in 2010 to 277 in 2016.

Made.com also promoted its chief operating officer and former Match.com CEO Philippe Chainieux as its CEO in December 2016.

Previous funding
According to Unquote Data, Made.com first received institutional funding in March 2010, when London-headquartered VC ProFounders Capital injected £2.5m into the business alongside entrepreneurs Marc Simoncini and John Hunt.

ProFounders then joined a £6m second round of funding for the company in January 2012, which was led by US VC Level Equity.

Most recently, Partech invested $34m as part of a $60m funding round for Made.com in July 2015.

Company
Founded in 2009, London-headquartered Made.com manufactures and sells furniture, lighting, soft furnishings and accessories for homes and gardens. The business generated a turnover of £91m in 2016, according to publicly available documents, with an adjusted EBITDA loss of £3.8m. International sales accounted for 35.4% of its revenues, up from 30.9% in 2015.

According to various media reports, Made.com increased its turnover to £127m last year.

People
Made.com – Philippe Chainieux (CEO).

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• Topics
• Expansion
• UK / Ireland
• Consumer
• United Kingdom
• Partech Ventures