windeln.de, a Munich, Germany-based online web store for baby products, has completed its Series A financing.
Investors include DN Capital, Acton Capital Partners, High-Tech Gründerfonds (HTGF) and existing shareholders.
The company plans to use the funds, whose amount remained undisclosed, to expand its product range and to increase marketing activities.
Founded in 2010 by managing director Konstantin Urban, Alexander Brand and Dagmar Mahnel, windeln.de currently provides mothers and fathers with about 4,400 products of more than 100 brands. Its offer includes diapers, wipes, baby care products, baby food, organic products and items for pregnancy and lactation. The company currently employs twelve staff members.
In conjunction with the funding, Nenad Marovac, Managing Partner of DN Capital, and Christoph Braun, Managing Partner of Acton, will join the newly formed board of windeln.de, which also includes private investor and former vice chairman of the publishing group Georg von Holtzbrinck.
FinSMEs
12/05/2011