avandeo Raises High Single-Digit Million Financing

avandeo, a Munich, Germany- and Shanghai, China-based startup that operates an online destination for designer furniture and home accessories, has raised a “high single-digit million” financing.

Backers include LBBW Venture Capital and KfW Bankengruppe and existing investors Partech International, Mountain Super Angel and High-Tech Gründerfonds (HTGF).

Founded in 2009 by Ulrich and Burkhard Gersch, avandeo manufactures and provides high-quality designer furniture and home accessories, available exclusively online, which allows customers to minimize additional costs and choose creations from established and international designers.
On October, 15th, the company launched a Germany-wide TV advertising campaign, with adverts on ProSieben, SAT.1, kabel eins and later on Sixx.



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