navabi Raises $2.8M in Funding

navabi, an Aachen, Germany-based online boutique for high‐quality plus‐size designer fashion, recently raised $2.8m in funding.

The round was led by Seventure Partners, with participation from original shareholders DuMont Venture and Klaus Wecken.

The company intends to use the funds to further grow and expand its team.

Founded in 2009 by CEO Bahman Nedaei, navabi is a provider of designer fashion in the plus‐size market (from size 44 upwards), with an international customer base in over 20 countries. Brands sold on its web site include Fendi, Kenzo, Roberto Cavalli and Manon Baptiste, among the others.

In conjunction with the funding, Dr. Wolfgang Krause of Seventure Partners, will join the company’s board of advisors.

FinSMEs

09/12/2011

Join the discussion