DMG Ventures has co-led a funding round for Factory14, which is looking to become a holding group through acquiring smaller startups.

Factory14, a Luxembourg-based company looking to build an e-commerce holding group, has emerged from stealth with $200m in combined equity and debt financing from investors including publisher Daily Mail and General Trust, according to TechCrunch.

The corporate co-led a seed round through its DMG Ventures arm together with DN Capital, while VentureFriends and unnamed others also invested. Victory Park Capital took part in the equity deal and provided the credit facility in full, but individual figures were not disclosed.

Factory14…

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Thierry Heles

Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
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