Germany-based online fashion retailer Navabi secured €25m ($28.5m) in a series D round on Wednesday led by Bauer Venture Partners, the corporate venturing unit of publishing group Bauer Media.
Bauer’s investment includes an advertising budget that will give Navabi access to Bauer’s portfolio of 600 magazines and 400 digital products. Index Ventures, Seventure Partners, DuMont Venture and private investor Klaus Wecken also participated in the round.
Navabi caters for women in the 14-to-30 size range and stocks more than 100 brands. It previously raised $13.6m in a 2013 series C round backed by DuMont Venture, a digital media-focused subsidiary of media corporation M. DuMont Schauberg, Index and Seventure.
DuMont initially provided $850,000 for Navabi’s seed round in 2010, and also joined a $2.8m series A round in 2012 alongside Seventure.
Bahman Nedaei, co-founder of Navabi, said: “We are thrilled to have Bauer Venture Partners on board as an investor. The combination of a cash investment and advertising budget makes total sense for Navabi at this stage of our growth.
“Bauer has great connections to female consumers and this deal will help us to expand and develop our offering, while reaching millions of potential new customers.”
– Image courtesy of Navabi