Wedo, a London, UK-based online furniture retailer, completed a £3m round of funding.
The round was led by MMC Ventures, with participation from existing investor Passion Capital.
The company intends to use the funds to improve internal logistics and processes, by building new systems that will further enhance the online shopper experience.
Founded in 2011 by serial tech entrepreneur Gareth Knight, Wedo is an ecommerce furniture retailer featuring a priced product range, detailed product descriptions, a user-friendly site and a reliable customer service. It offers over 100 well-known British brands, including Sealy, Sleepeezee, Julian Bowen, Willis & Gambier, Bentley Designs, Relyon and Hypnos.
The company has a team of 40 people and a 10,000ft prime retail store in Colchester.
FinSMEs
02/12/2013