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Europe's Zappos.com Spartoo Raises €12 Million

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Spartoo.com, the European version of Zappos.com, has closed a €12 million Series B round of funding round led by Highland Capital Partners and Endeavour Vision with A Plus Finance and CM-CIC Capital Privé participating. This brings the online shoe retailer’s total funding to €17.5 million.

Launched in 2006, Spartoo claims over 4 million unique visitors per month (Nielsen, November 2009) and a base of 600,000 regular customers. Spartoo operates sites in France, the United Kingdom, Italy, Belgium and Luxembourg.

It’s unclear whether Spartoo will meet a similar fate as Zappos; the company was acquired last year by Amazon for a whopping $1.2 billion. Of course, Zappos offered both clothing and footwear, whereas Spartoo is dedicated to selling just shoes and bags.

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