Luxodo, an online marketplace for luxury brands and products, today announced a new funding round worth $2.4 million. Investors include b-to-v, DN Capital, RI Digital Ventures and some of the existing shareholders, including the former general manager of dress-for-less, Holger Hengstler, and Bigpoint founder Heiko Hubertz.
The Hamburg-based startup Luxodo was founded by internet entrepreneur Mathias von Bredow in 2011. With more than 65 handpicked luxury retailers mainly from Germany, Austria and Italy on the platform, Luxodo will now use their fashion expertise to take the company to the next level and build a global brand for online luxury shopping. Right now, the marketplace is available in English and German.
Nenad Marovac, Managing Partner at DN Capital, comments: “We are very excited to join Luxodo at a stage where the beauty of the online luxury marketplace concept is already visible and the company starts to demonstrate its potential. We see enormous opportunity for growth given the fact that no inventory is needed to make the Luxodo brand a global destination for luxury shoppers.”
Mathias von Bredow says: “With DN Capital, we have found an international venture capital partner that is able to help us make the company a success not only in Germany, but also globally. With b-to-v, we are partnering with a reliable VC and have access to one of the most interesting European networks of investors with very experienced entrepreneurs on board.”