« Germany's Pace Raises €3M | Main | Germany's Onvista Adds Advertising To Content Mix »
March 31, 2007
Euro eCommerce Trend: Off-Price Fashions For Members Only
We've noticed a spate of investment across Europe in new eCommerce sites set up to sell off designer fashions and accessories at discounts to "members-only". In the retail world, the equivalent might be off-price shop that only sells to card-carrying members.
The latest is a Spanish/German venture called BuyVIP. Others include UK-based Koodos.com, Privalia, also Spanish, and two French ones 24h00 and AchatVIP
BuyVIP offers German and Spanish language versions of its site. Just raised €2M from MCI (a family office advised by Active Capital Partners), Grupo Intercom (VC arm of Spanish Internet holding co.) and a pool of investors represented by Valkiria Network International Holding. It claims 200K members and was founded by Gustavo Garciá Brusilowsky and Gerald Heydenreich. The two previously build PORTUM, an auction and procurement platform that did €5B in turnover, which was acquired by IBX Europe in 2006.
Read press rel.
Privalia, also from Spain, recently raised €400K from , according to Carlos Blanco's blog from Internet entrepreneurs and two strategic investors.
Koodos.com is an English language, private sale site selling luxury brand-name items, backed by Atlas Venture. Its longer term plan is to sell through consumer facing ecommerce sites, according to Robin Klein's blog.
Olfo, the company behind AchatVIP.com raised €3.5M in January from Edmond de Rothschild Investment Partners and OTC Asset Management.
France's 24h00 also recently raised capital in February when AGF Private Equity invested €6M. It also sells brand name items at special prices for a limited time only.
Posted on March 31, 2007 05:28 PM | Posted to eCommerce | Permalink
Trackback Pings
TrackBack URL for this entry:
http://www.thealarmclock.com/mt/mt-tb.cgi/3959
