navabi, an Aachen, Germany-based online retailer focused on women’s plus size fashion, raised €25m in new funding.
The round, which is comprised of a cash investment and advertising budget with Bauer Media, was led by Bauer Venture Partners, with participation from existing investors Index Ventures, Seventure Partners, DuMont Venture and Klaus Wecken.
The advertising budget will provide the company with access to consumer titles across its key European markets will the funding will be used for developing its product offer as well as for international expansion.
Founded in 2009 by Bahman Nedaei and Zahir Dehnadi, navabi provides women’s premium plus size fashion from a selection of more than 100 brands including designer collections from Elena Miro and Anna Scholz, and leading LA-based denim line James Jeans.
The company, which also has office in London, trades in more than 30 countries, including the UK, Germany, France and the US.
FinSMEs
22/01/2015