Augmentum leads £7.5m round for Bathrooms.com

Existing investor Dawn Capital participated in the funding round. The investment will drive the company's expansion in the bathrooms market, with the aim of taking advantage of consolidation opportunities.

Augmentum is a mid-stage venture capital fund founded in 2009 and backed by RIT Capital Partners.

Previous funding
Dawn Capital led a series-A funding round for the company in 2010, appointing investment partner Chad Raube to the board.

Company
Founded in 2004 and based in Leighton Buzzard, Bathrooms.com is an online consumer and trade retailer of bathroom products. The company collaborates with international designers and sources its products from the Far East.

Bathrooms.com currently employs more than 50 employees in the UK and China, and has a turnover of more than £5m. The firm expects to double its revenues in the coming year.

People
Tim Levene is managing partner at Augmentum. Chad Raube is a partner at Dawn Capital. Ian Monk is CEO of Bathrooms.com.

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