Seventure Partners, concludes as lead investor in a further financing round with the Aachen (Germany) based startup navabi. Alongside Seventure, the original shareholders DuMont Venture and Klaus Wecken are also participating in the capital increase. In total, the company for women’s luxury plus-size fashion will receive 2.8 million Euros capital.
Shortly after navabi was founded in 2009, DuMont Venture, together with Klaus Wecken, was the first investor to have a participation in the startup. navabi is basically an online boutique for high-quality plus-size designer fashion. The young company offers women, who are not content to settle for dull off-the-peg clothing, a selection of high quality fashion from size 44 upwards. According to navabi, customers from over 20 countries have already been delighted by this concept.
navabi intends to expand further in the coming years: “We are happy about the confidence our investors have placed in us and we will invest this new capital into the further growth of the business model and the expansion our team”, says Bahman Nedaei, founder and CEO of navabi.
Dr. Wolfgang Krause, on behalf of Seventure Partners, who will join navabi’s board of advisors, states: “navabi has shown that it has implemented the business plan extraordinarily well and it has also established itself as one of the leaders within this market in Europe. This encouraged us to participate in the further growth of navabi. It also reaffirms our previous commitment to investing in outstanding German e-commerce companies with major growth potential”.
Jörg Binnenbrücker, CEO of DuMont Venture, adds: “The navabi team has continually surpassed our expectations and, despite the early phase, it has achieved outstanding results. We now look forward to contributing to the further growth of navabi”.