Navabi, an Aachen, Germany-based plus‐size designer fashion startup, raised €10m in funding.
Backers included Index Ventures and previous investors. It is also backed by Dumont Venture, Klaus Wecken and Seventure Partners.
The company intends to use the funds for international growth and exploration of other fashion categories in addition to premium apparel.
Co-founded in 2009 by serial entrepreneurs Zohejr Dehnadi and Bahman Nedaei, navabi has built an online fashion marketplace where plus sized women can discover and buy premium designer clothing.
The company has a team of 130 plus people and €30 million revenue, which comes from the UK and the US.
FinSMEs
03/12/2013
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