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December 14, 2007
Mangrove Capital Invests in Brands4Friends' €5M Round
Brands4friends, a German company exploiting a business model proven by Vente Privée in France, sent us the news today that it raised €5M from Mangrove Capital Partners, along with private investors. Founded just a few
months ago by Christian Heitmeyer, formerly of Delsey, and Constantin Bisanz, formerly founder of TruckScout24, the venture has apparently hit a market opportunity in Germany.
It claims 200K members have signed up to receive special offers on brand-named snowboards, running shoes, and jackets, typically overstocked items that the brands don't want to sell off on eBay (for example), at discounted prices.
Hans-Jürgen Schmitz is the Mangrove partner named as the dealmaker on this one.
View- brands4friends
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Articles on alarm:clock euro about Vente Privée and the latest trend in European eCommerce.
Read - Exciting Commerce article on Brands4Friends launch
Read - Exciting Commerce compares Brands4Friends with Limango
Posted on December 14, 2007 01:33 PM | Posted to News And Updates | Permalink
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