New investment for furniture store Westwing

The incumbent investors invest another 25 million euros in online furniture store Westwing, which works at the European level. Together with Home24, Westwing is the furniture store with which Rocket Internet wants to attract the European online furniture market. To this end, the Westwing shop club is once again a pocket of growth money (PDF), which means that it meets the expectations and plans of the investors

The incumbent investors invest another 25 million euros in online furniture store Westwing, which works at the European level.

Together with Home24, Westwing is the furniture store with which Rocket Internet wants to attract the European online furniture market. To this end, the Westwing shop club is once again a pocket of growth money (PDF), which means that it meets the expectations and plans of the investors.

The company's valuation thus rises from 353 million to 449.2 million euros.

Rocket Internet's interest in the company increases from 33.7 to 34 percent.

Westwing, which is more of a shopping club with offers, sold 76 million in the first half of 2014. That is 68 percent more than for the whole of 2013.