Tengelmann and Access-backed online shopping club Westwing has secured $29.7m from existing investors at a $529m valuation.
Westwing, the Germany-based online shopping club Westwing backed by retail chain Tengelmann, has raised €25m ($29.7m) in a new round backed by undisclosed existing investors, Reuters reported yesterday.
Startup incubator and founding shareholder Rocket Internet returned for the round alongside other existing investors, which were not disclosed by Westwing. The round valued Westwing at approximately $529m.
Westwing has now raised a total of $235m to date, including $98.7m from an April 2014 round supported by Tengelmann’s corporate venturing unit,…
