Partech Growth Fund Pumps in $60 Million in Made.Com to Support its European Expansion

Bengaluru: Made.com, the London based e-Commerce platform for designer furniture raises $60 million in a funding round led by Partech Growth Fund. The round also saw the participation of Fidelity Growth Partners and existing investor Level Equity. The company plans to utilize the funds to strengthen their aggressive business expansion strategies in the European markets of UK, France, Italy, Germany, Belgium and Netherlands. Post this funding round, Made.com also announced that Susanne Given, Ex-COO of SuperGroup, has joined the board as an independent director.

Founded in 2010 by Brent Hoberman, Julien Callede, Chloe Macintosh and Ning Li, Made.com enables the customers to buy high-end designer furniture at very affordable prices. It connects the consumers directly with the designers, allowing the company to deliver high-quality and cool designed furniture to its consumers. The company sells all the products online and does not have any showrooms or warehouses.

Currently, the company has a workforce of 170 staff across UK and Shanghai, and claims to have tie-ups with over 50 designers and manufacturers across the world to offer its customers the furniture and home decor products at prices 70 percent less than the usual price.

 

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