In a first financing round, ProSiebenSat.1 had already purchased a 22% stake in the company in December 2012. Following this deal, 7Commerce will now own 100% of Stylight, which is valued at €80m. Anyways, the acquisition is still subject to the approval of the German Federal Cartel Office and the Austrian Federal Competition Authority.
Founded in 2008 by Anselm Bauer, Benjamin Günther, Max-Josef Meier and Sebastian Schuon and led by Nicolas Stadtelmeyer and Maximilian Müller, Stylight is a fashion aggregator offering fashion, home & living products.
The company, which currently employs 200+ people in Munich, New York and London, has operations in 15 countires including Germany, USA, UK, Switzerland, Austria, Netherlands, France, Italy, Sweden, Norway, Belgium, Spain, Australia, Brazil, Canada.
Exiting backers included Holtzbrinck Ventures, Tengelmann Ventures, and Seven Ventures.