Vorwerk Direct Selling Ventures has sold its stake in e-commerce platform DaWanda, four years after investing.
Vorwerk Direct Selling Ventures, the corporate venturing arm of direct selling company Vorwerk, has exited Germany-based e-commerce platform DaWanda, divesting its stake to private equity and venture capital firm Insight Venture Partners.
DaWanda runs an online platform where users can sell homemade products such as clothing, jewellery, bags and accessories.
Insight is leading a consortium that also includes Global Founders Capital, Enfield and Kersiwood Holdings which is buying a 55.7% stake in DaWanda, including shares held by Vorwerk and venture…
