The business, which claims it is Europe’s fastest-growing B2B marketplace, has announced a Series C funding round that has brought in an extra €250M investment.
The wholesale marketplace brings together 200,000 retailers and 15,000 brands across Europe and this latest development makes it Europe’s newest unicorn after launching only two years ago, with its valuation now around €1.75bn.
The new funding round was led by Bond and Tiger Global with the participation of Eurazeo and Coatue as well as all existing investors – Index Ventures, Bain Capital Ventures, GFC, Alven and Aglae.
The company was founded with a mission to
“reinvent the wholesale market for independent brands and retailers in order to
level the playing field for independents” and has grown quickly to become the
category leader across Europe.
Its sales volume rose 950 per cent between 2020 and 2021. With more than 11,000
brands registered in 2021, today there are more than 15,000 brands selling more
than one million unique products on the platform.
Co-CEO and Co-Founder Nicolas Cohen said the funding “will allow us to expand
geographically and accelerate activities in our European core markets. Today,
we operate in 23 countries and have offices in Paris, London, Berlin, Amsterdam
and Stockholm. In 2022 we will open offices in Italy and Spain so we can be as
close to our brands and retailers as possible”.
