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News

Westwing raises EUR 25 million in investment fund

Thursday 8 January 2015 00:31 CET | News

Westwing, a German homewears retailer, has raised EUR 25 million (USD 29.7 million) in new funding from existing investors, including founding shareholder and ecommerce business incubator Rocket Internet.

Other Westwing investors include Swedish investment firm Kinnevik and US private equity fund Summit Partners. With the recent investment, Westwings valuation has risen to EUR 449 million, indiatimes.com reports.

Founded in 2011, shopping club Westwing offers furniture and homeware products online, from pillows to lamps and sofas in 15 markets, mostly in Europe.


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Keywords: Westwing, investment, fund, homewears, retailer, e-tailer, customer, investors, shareholder
Categories: Payments & Commerce
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