Pamono, a Berlin, Germany-based vintage and contemporary design marketplace, secured a mid-size seven digit investment round.
The venture arms of media houses Ringier (Ringier Digital Ventures) and Gruner + Jahr (Gruner + Jahr Digital Ventures), which have also agreed to supply media placement and advertising in addition to cash, joined existing backers Holtzbrinck Ventures, DN Capital, and Atlantic Internet.
The company intends to use the funds for expansion and sales forging additional media partnerships to further penetrate international markets.
Launched in 2013 by CEO Oliver Weyergraf, Pamono is a marketplace specializing in vintage and contemporary furniture, lighting, accessories, and crafts and also operates a magazine that tells the stories behind these items.
The company, which has sales in Germany, Austria, Switzerland, the UK, and the US, partners with over 1.000 vendors from 23 countries including international galleries, shops, designers, and makers.
FinSMEs
11/02/2016