Westwing operates a daily-sales e-commerce platform offering home accessories and furniture across multiple markets. The company is active in 15 markets across three continents and employs more than 1,400 people worldwide. In fiscal 2013 Westwing reported €12m in net sales. The business has raised a total of €179m since its founding. The company intends to use the new funds to enhance its growth plans and further expand its position in the home & living market. Westwing operates an online home and living e‑commerce portal offering interior design brands and products, and reports more than 12 million members. The company sells curated home goods and in 2013 sold over 2.8 million products, with more than a third of sales on mobile. Westwing has rapidly grown net revenues—€0.5M in 2011, €41M in 2012 and €110M in 2013—and says it tripled net revenues in the last 2.5 years. It is active in ten markets including Germany, Italy, Brazil, Russia, France, Spain, Poland, the Netherlands, Switzerland and Austria. Management says the new funding will be used to reinforce Westwing’s position as a pioneer in the home & living e‑commerce market and to improve customer experience. The company estimates the global home & living market exceeds €400 billion annually and highlights its logistics setup and customer loyalty as strengths. Westwing is a Munich-based shopping club for home and living that sells home décor and furnishing products. Launched in August 2011 by Stefan Smalla, Delia Fischer, Georg Biersack, Matthias Siepe and Tim Schäfer, the company serves over 3 million members. It has rolled out operations to more than a dozen countries in Europe and worldwide. Westwing plans to use new capital to accelerate growth and to scale operations in each country where it is present. The company has raised $82M to date following the latest $50M funding round. The round underscores continued investor support as Westwing expands its market presence.

Total raised

$178M

Funding rounds

3

Latest round

Equity

Latest activity

Jan 2015