Another funding raise for a collaborative consumption startup: Spain-based private sales club Privalia, which sells branded clothes and accessories at discounted prices to members in the five markets it currently plays in, has closed a new €25m round ($32.3m). The company did not specify which round this latest raise falls under but has previously raised a total of $218m in two rounds. → Read More
Privalia is very serious about becoming a major private online sales club on a global scale, kicking up its European presence up a notch with the acquisition of Germany’s online clothing and apparel retailer Dress for Less. The site was acquired from Palamon Capital Partners, a pan-European private equity firm, and Privalia has disclosed that it raised 88 million euros in new equity financing from… → Read More
Privalia is very serious about becoming a major private online sales club on a global scale, kicking up its European presence up a notch with the acquisition of Germany’s online clothing and apparel retailer Dress for Less. The site was acquired from Palamon Capital Partners, a pan-European private equity firm, and Privalia has disclosed that it raised 88 million euros ($123.4 million) in new… → Read More
The private buying club wars of Latin America, begun they have.
Privalia Venta Directa has secured €70m ($95m) from General Atlantic and Index Ventures, plus existing shareholder Highland Capital, to basically roll-up all the private online sales clubs in the region, as well as consolidate positions in Europe, according to Lucas Carné, joint chief executive and co-founder of Privalia.
It’s… → Read More
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