Germany-based online fashion retailer Lesara has raised €30m ($35.3m) in a round that included Vorwerk Ventures, the corporate venturing arm of direct selling company Vorwerk, Handelsblatt has reported.
3L Capital led the round, which included fellow investment firm Mangrove Capital Partners and venture capital firm Northzone, taking the company’s overall funding to about $99m.
Founded in 2013, Lesara operates an e-commerce platform that focuses on fashion and lifestyle products, targeting specific trends and forming partnerships with textile production facilities to cut out middlemen and sell goods at lower prices than branded alternatives.
Mangrove Capital led Lesara’s $7m series A round in 2014, investing alongside Funderguild, Partech Ventures and various angel investors, before returning for a $16.8m round featuring Vorwerk Ventures and Northzone the following year.
The company added $40m in series C funding from undisclosed new and existing investors in September 2017.