International legal practice Osborne Clarke has advised online furniture and homewares retailer, MADE.COM on its £40 million equity funding round. The equity round was backed by existing investors Partech Ventures, Level Equity and Eight Roads Ventures as well as a new tier-one global institutional investor.
The design brand plans to use the funding to facilitate faster growth in existing and new markets across Europe and to open additional showrooms. MADE.COM currently operates in the UK, France, Germany, the Netherlands, Belgium, Austria and Switzerland. Part of the new investment will also be used to boost the company’s online presence.
Led by CEO Philippe Chainieux, MADE.COM connects customers with furniture designers to bring high-end lifestyle design to everyone, at a fair price. It employs more than 300 staff in Europe and Asia and last year announced a sales increase of 40%, taking sales to £127 million.
Kate Hardwick, MADE.COM‘s acting General Counsel, said “This funding will be instrumental in continuing to build the MADE brand and reach more customers across Europe. It’s a very exciting time for MADE.COM and Osborne Clarke have been great partners on this key part of our journey.”
The Osborne Clarke team who advised on the transaction was led by Partner Jon King and included Senior Associate Ed Nisbet and Associate Stuart Miller.