# Westwing Group

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/westwing-group

- Industry: Internet
- Headquarters: Munich, Germany
- Website: www.westwing.de
- Total disclosed funding: $212M
- Latest round: Series E (Apr 23, 2015)
- Investors on record: 11

## About

Westwing Group AG is a prominent online retailer specializing in furniture and home decor products, offering stylish solutions to enhance living spaces across various European markets.Westwing Group AG, founded in 2011 in Munich, Germany, operates as an online shop for furniture and interior design. The company has undergone significant developments, including its IPO on October 9, 2018, where it raised EUR 131.56 million by selling 5.06 million shares at EUR 26 per share on the Frankfurt Stock Exchange. The founder, Adin Mumma, has not been publicly associated with other companies. Westwing has also attracted investments through 10 deals, with the most recent being the IPO, amounting to EUR 131.56 million, which matches its total amount raised.Westwing operates as a prominent online shop specializing in furniture and interior design products. The company offers a diverse range of core products, including distinctive furniture pieces and home decor items, such as the Beetle Edition by Delia Lachance and the Wing Chair. These products cater to various consumer preferences, providing stylish and functional solutions for home and outdoor living spaces. Westwing targets individual consumers looking for unique home furnishings and decor, enhancing their living environments, and sells its products across several international markets, including Germany and potentially extending its reach to other European countries.In 2020, Westwing reported a revenue of EUR 494,374,916.60, with an EBITDA of EUR 47,735,900.90 for the same year. The company generates revenue primarily through direct-to-consumer sales of its furniture and home decor products, engaging in straightforward retail sales that facilitate an efficient purchasing process for consumers.Westwing plans to leverage its recent funding from the October 2018 IPO to support its growth initiatives, including the launch of new product lines aimed at enhancing its diverse offerings. The company is also exploring expansion into new geographic markets, specifically targeting additional European regions to broaden its customer base. The strategic focus on these initiatives is expected to bolster its market presence and accessibility for consumers seeking quality home design solutions.

## Funding rounds

- Series E, Apr 23, 2015, $32M — Kinnevik, Mediaset, Holding14
- Series D, Jan 7, 2015, $29M — Summit Partners, Fidelity Investments, Kinnevik, Access Industries, Rocket Internet SE, Odey Asset Management LLP, Tengelmann Ventures Management
- Series C, Apr 3, 2014, $100M — Fidelity Investments, Odey Asset Management LLP, Tengelmann Ventures Management
- Series B, Jun 8, 2012, $50M — Summit Partners, HV Capital, Kinnevik, Access Industries, Rocket Internet SE
- Series A, Sep 2, 2011 — HV Capital, Point Nine

## Investors

- HV Capital (https://capitalatlas.ai/funds/hv-capital) — Series A, Series B
- Point Nine (https://capitalatlas.ai/funds/point-nine) — Series A
- Summit Partners (https://capitalatlas.ai/funds/summit-partners) — Series B, Series D
- Kinnevik (https://capitalatlas.ai/funds/kinnevik) — Series B, Series D, Series E
- Access Industries (https://capitalatlas.ai/funds/access-industries) — Series B, Series D
- Rocket Internet SE (https://capitalatlas.ai/funds/rocket-internet-se) — Series B, Series D
- Fidelity Investments (https://capitalatlas.ai/funds/fidelity-investments) — Series C, Series D
- Odey Asset Management LLP — Series C, Series D
- Tengelmann Ventures Management (https://capitalatlas.ai/funds/tengelmann-ventures-management) — Series C, Series D
- Mediaset — Series E
- Holding14 — Series E