Private equity-backed German baby products retailer Windeln.de has a raised a further €15m.
The fundraising round was supported by venture capital firms DN Capital and Acton Capital Partners, which have previously invested in the business.
New investors included MCI, which is focused on Poland and Czech Republic, and Southern Europe-focused venture capital group 360 Capital Partners.
Windeln.de – which currently has annual revenues of €50m – aims to expand its operations to Switzerland this spring and to Poland by early 2014 and later to the Czech Republic.
Tomasz Czechowicz, founder of MCI, said, “After the great traction in the German-speaking markets and now a revenue run rate of EUR 50 millions, we are very happy to support the launch in new and attractive markets, making windeln.de a European category leader.”
DN Capital, which has now made four investments in the German retailer, is focused on the digital media, e-commerce and software sectors around the world.
DN’s previous investment include Apsmart, sold to Thomson Reuters, and Endeca Technologies and Datanomic, which were both sold to Oracle.
Its partner in Windeln Acton Capital was launched in 2008 focusing on investing in internet and mobile consumer-oriented businesses.
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