Westwing, a Germany-based e-commerce business which operates as an online shopping club selling furniture and houseware, has raised an undisclosed amount of investment from Tengelmann Ventures, the corporate venturing unit of Germany-based retail company Tengelmann, according to reports in Der Spiegel and Venture Village.
The deal is reported to be worth at least €10m ($13.5m), for which Tengelmann has received a stake of 8%.
Christian Winter, chief executive officer of Tengelmann Ventures, said: “We want Westwing to become the leading provider in the ‘Home and Living’ sector.”
Previously, in June 2012, Westwing was reported to have raised $50m from Summit Partners, Access Industries, Holtzbrinck Ventures, Investment AB Kinnevik and Rocket Internet.
Westwing, which operates as Dalani is some countries, was launched in August 2011.