Home24, a Berlin, Germany-based online furniture store, raised €20m in venture capital funding.
Backers included new and and existing shareholders.
The company intends to use the funds to improve the customer experience and make process and system investments.
Founded by Philipp Kreibohm and Led by Domenico Cipolla, CEO, home24 is an online furniture store with more than 150,000 products from over 800 manufacturers. The product range includes a variety of furniture items, lamps and living accessories from a wide range of brands and private labels such as Smood, Furnlab, Jack&Alice, and Mørteens.
The company, which operates in Germany, France, Austria, Netherlands, Switzerland, Belgium, Italy and Brazil, employs more than 1,000 people worldwide.
In November 2015, the company acquired Fashion For Home GmbH, and following the deal, Marc Appelhoffplatz and Christoph Cordes of Fashion For Home, adopted increasingly core management functions at Home24 and joined the board along with Christoph Cordes.