The company went online in November 2003 and has its headquarters in Schenefeld near Hamburg. Since 2008, it has expanded its online offering into the UK, Sweden, France, Italy, the Netherlands, Finland, Denmark, Spain, the Czech Republic, Poland and Portugal.
Following the growth capital financing, Pinova will be represented on the advisory board by its partner Marko Maschek.
He said, “The Haack brothers have successfully developed fabfab from first mover to become the European market leader in the online sale of fabrics and textile accessories.”
Pinova Capital I also holds investments in six other companies, Hemoteq, Invent Umwelttechnik, Wendt Sit & Co, Clarus Films, Norafin and deconta, which it acquired in August.
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