Following an initial investment in February, the UK private buying club Secretsales has raised a second round of funding from Germany’s Brands4friends. The actual amount is once again undisclosed but is in the “multi-million pound” region.
Secretsales runs so-called “flash sales” of fashion, beauty, travel, lifestyle and home wares, offering up to 70% off brands such as Gucci, Dolce & Gabbana… → Read More
The Samwer brothers are at it again. Shortly after cashing in on Citydeal, Germany’s most prolific startup investors have put millions into Panfu. Their incubator Rocket Internet joined by Holtzbrinck Ventures has invested a seven digit Euro sum in the multi-language online gaming world for kids.
It’s their third joint investment in Panfu, former rounds were done together alongside other… → Read More
The new site, which is backed by Partech International and Holtzbrinck Ventures along with its German parent company, brands4friends.de, aims to become a market leader locally by applying the same buying club model that is seeing… → Read More
[Berlin] Germany’s leading online private shopping club, Brands4friends, has appointed ex-VC Olivier Schuepbach as Director of International & Corporate Development where he’ll be spearheading the Berlin-based startup’s international expansion.
Schuepbach, a native Swiss, joins from Wellington Partners, a leading pan-European venture capital firm where he was responsible for new investments… → Read More
[UK/Germany] Private buying clubs have become such a hot item of late, it’s perhaps inevitable that we’re starting to see a move towards consolidation.
Germany’s leading online private shopping club, Brands4friends, has invested in the UK’s Secretsales. And while the actual figure is undisclosed, which isn’t a surprise considering how competitive this space is right now, sources say it’s in the… → Read More
[Germany] Buying clubs remain a hot item. Last week we reported on acquisition talks between Amazon and France-based Vente-Privee, said to be valued at over 2 billion euros. And now we learn that Germany’s Brands4friends has expanded into Austria. The buying club already claims 2.5 million members in its home country and says that since launch 50,000 Austrians have joined the site.
As with other… → Read More