HomeGermany-StartupsDaWanda receives 4 million Euros of expansion financing

DaWanda receives 4 million Euros of expansion financing

DaWanda, Europe’s biggest online marketplace for unique and handmade items, raised 4 million Euros of capital in their latest round of financing. The Berlin based company is using this financial boost to develop and strengthen their international presence. Those providing the capital are newly won investor Vorwerk Ventures, and existing shareholder Piton Capital. It’s kind of an early birthday present for the designer marketplace, which was founded in 2006 and will be five years old on December 3rd.

With 120,000 designers, 1.5 million registered users and a web presence in German, French and English, DaWanda is already the European market leader within its segment (right before Etsy – the U.S. based originator of this concept). DaWanda’s goal now is to further strengthen this position. One of the most strategically significant countries for DaWanda is France, which is now being addressed as a priority.

Until now, DaWanda GmbH has been based in Berlin. Offices in Paris and other European countries will now be opened in the near future. Local staff who know the needs and wants of their local target groups will help the company to advance in target markets. DaWanda currently has 62 employees. DaWanda has been operating profitably since 2010.

“Their highly successful combination of e-commerce and social community makes for a pioneering internet business model,” says Dirk Meurer, Managing Director of Vorwerk Ventures.

Andrin Bachmann (partner at Piton Capital) stated: “We invest in online companies with strong network effects. These could be marketplaces or large communities. DaWanda combines both.”

DaWanda’s long-term investors and shareholders – Holtzbrinck Ventures, Team Europe Ventures, The European Founders Fund and Point Nine Capital – continue to be on board.

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Thomas Ohr
Thomas Ohr
Thomas Ohr is the "Editor in Chief" of EU-Startups.com and started the blog in October 2010. He is excited about Europe's future, passionate about new business ideas and lives in Barcelona (Spain).

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