Germany-based online baby goods retailer Windeln.de closed its latest round of financing yesterday, having raised "a high seven-figure amount" from Acton Capital, the venture capital firm backed by media group Hubert Burda, as well as corporate and government-backed venture fund High-Tech Gruenderfonds and VC firm DN Capital.
All are existing investors, with High-Tech Gruenderfonds and DN having contributed to Windeln.de’s series A round in September 2010. The capital will be invested in increasing the site’s product range, and in expanding marketing following a television advertising campaign last year.
Christoph Braun, managing partner of Acton Capital Partners, said: "Since our initial investment in spring 2011, Windeln.de has shown impressive growth and is now the clear market leader in the German-speaking world. That’s why we were more than happy to act as lead investor in this round and to increase our stake."