Children-oriented online retailer Windeln.de has pulled in 45 million Euro in funding in a round led by Goldman Sachs, DN Capital, Polish firm MCI Management, and 360 Capital Partners. MCI , DN Capital, and 360 Capital Partners are all previous investors in the German retailer.
According to Alexander Brand, the CEO and co-founder of Windeln, the company generated 130 million in gross revenue (nearly double the year before). Now, thanks to this latest funding round, the company aims to expand its portfolio of products for babies and children (currently claims 85,000 products from more than 1,000 brands), expand geographically, and potential carry out an acquisition or two.
Based out of Munich, the company launched in 2010 and expanded into Switzerland and Austria in 2013. 2013 also saw Windeln.de acquire Swiss competitors Kindertraum.ch and Toys.ch. Back in May 2014, the company took home 15 million Euro from MCI and others and, in February 2013, it raised 15 million Euro in a Series B.