DaWanda, a Berlin, Germany-based online marketplace for unique and hand-crafted goods, received a new investment.
Insight Venture Partners has acquired a majority stake in the company, alongside new investors Global Founders Capital, Enfield, and Kersiwood.
According to reports, the funding could amount to $10/13m.
The company will use the proceeds to further national and international expansion.
Founded in December 2006 by Claudia Helm-ing and Michael Pütz, DaWanda is a marketplace for one-of-a-kind articles and handcrafted goods such as fashion, jewellery and home furnishings. The platform enables users to create store-fronts to sell their DIY goods or purchase items directly from the creator.
It has more than 5 million active members and around 300,000 dealers.