Westwing has raised €25 million in a new investment round, increasing its valuation to €449 million. The funding comes from existing investors, including Swedish investment firm Kinnevik and US private equity fund Summit Partners.
© Westwing
Founded in 2011, Westwing operates as a shopping club offering a broad range of furniture and homeware products such as pillows, lamps, and sofas across 15 primarily European markets. The company's growth strategy focuses on expanding its presence and product offerings in these regions.
The investment will support Westwing's ongoing efforts to enhance its platform and market reach. The company is positioned as a significant player in the online furniture retail sector, capitalising on digital shopping trends across Europe.
Source: www.thepaypers.com
