Euroffice Ltd., a London, UK-based online office supplies company serving the SME market, has received a majority equity investment from Darwin Private Equity.
Darwin is backing the existing management team, led by CEO Simon Drakeford. The founder, George Karibian will remain with the business as Non-Executive Chairman.
The proceeds from the financing, whose amount remained undisclosed, will enable the company to accelerate its growth plans by investing in the people and technology needed to improve the customer experience and the product range.
Based on an internet-only business model, with competitive prices and next day delivery, Euroffice currently supplies over 27,000 products. In 2009, the company began its international expansion, launching into the Italian market. It currently employs 49 people in London and Milan.