FRANCE - AXA goes it alone with eBuyClub

AXA Private Equity is sole investor in the recent EUR 2m round of funding in Plebicom. Founded in December 2000, following its incubation by Teamlog, Plebicom manages eBuyClub - an online retailing club. It offers its 300,000 members reductions on products supplied by its 250 partner sites which include Fnac, La Redoute, Marionnaud, Alapage, Lastminute, Mistergooddeal or Opodo. Last year, the company achieved EUR 30m in sales and it presently has 15 employees. The round of funding will help strengthen eBuyClub’s presence in France, as well as its expansion in the UK.