Westwing Receives €72M

westwing_logoWestwing, a Munich, Germany-based home & living market ecommerce company, secured €72m in funding.

Backers included Fidelity Worldwide Investment, Odey, Tengelmann and others.

The company, which has now raised a total of €150m, intends to use the funds to continue to expand its business.

Founded in 2011 by CEO Stefan Smalla, Delia Fischer, Georg Biersack, Matthias Siepe and Tim Schäfer, Westwing offers home décor and furnishing products in ten markets (Germany, Italy, Brazil, Russia, France, Spain, Poland, Netherlands, Switzerland, and Austria) on three continents.
The company, which was incubated within Berlin-based Rocket Internet, counts 1,100 employees in eight countries. It sold more than 2.8 million products with net revenues of € 110m in 2013, after €41m in 2012 and €0.5m in 2011.



Related News:
08/06/2012: Westwing Receives $50M in Funding

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