Another multi-million-Euro investment for REBELLE
Designer marketplace concludes Series B financing and gains new investors
REBELLE, the online marketplace for second-hand designer fashion, has concluded another multi-million-Euro financing round. New investors in the Hamburg start-up are North-East Venture A/S from Copenhagen and Deutsche Balaton AG from Heidelberg. The existing shareholders, consisting of High-Tech Gruenderfonds (HTGF), HCS Beteiligungsgesellschaft, Hanse Ventures and a number of notable private investors, are also making a significant investment as part of the Series B financing.
Focus on internationalisation and growth
“We’re delighted with the confidence our investors have shown in us. This additional capital will allow us to considerably accelerate our growth and expand into lucrative international markets,” said Cécile Gaulke, founder and managing director of REBELLE.
“We are very impressed with REBELLE’s performance. The combination of a smart business model and excellent operational execution leads to exceptionally strong KPIs, and we are therefore delighted to have the opportunity to further increase our commitment,” said Marvin Andrä, Investment Manager at HTGF.
Constant growth since launch
REBELLE was founded at the beginning of 2013 by Cécile Gaulke, Max Schönemann and the company builder Hanse Ventures. The platform was launched in August 2013. HTGF made a seed investment in REBELLE in October 2013. In March 2014 the company closed a multi-million-Euro Series A financing. In August 2014 REBELLE consolidated its market leadership in Germany by acquiring the Munich-based competitor Glamloop. More than 20,000 items from over 600 designer brands are now available on the website. REBELLE operates in 28 European countries.
REBELLE was launched in August 2013 as an online platform for second-hand designer fashion, and offers luxury and high-end fashion and accessories. Sellers can enlist and market their used designer wear on the REBELLE website. REBELLE’s concierge service provides sellers with an all-inclusive service and covers the entire sales process: from the creation of professional text and image materials to end-customer shipping. A team of experts assesses the quality and authenticity of the items, providing buyers with a secure shopping experience. REBELLE is operated by StyleRemains GmbH, which was jointly founded by Cécile Gaulke, Max Schönemann and Hamburg-based company builder Hanse Ventures in spring 2013. The young team of around fifty employees is based in Hamburg’s Speicherstadt. Its Managing Directors are Sophie-Cécile Gaulke and Max Laurent Schönemann.
About High-Tech Gruenderfonds
High-Tech Gruenderfonds invests in young, high potential high-tech start-ups. The seed financing provided is designed to enable start-ups to take an idea through prototyping and to market launch. Typically, High-Tech Gruenderfonds invests EUR 500,000 in the seed stage, with the potential for up to a total of EUR 2 million per portfolio company in follow-on financing. Investors in this public/private partnership include the Federal Ministry of Economics and Energy, the KfW Banking Group, as well as strategic corporate investors including ALTANA, BASF, Bayer, B. Braun, Robert Bosch, CEWE, Daimler, Deutsche Post DHL, Deutsche Telekom, Evonik, Lanxess, media + more venture Beteiligungs GmbH & Co. KG, METRO, Qiagen, RWE Innogy, SAP, Tengelmann and Carl Zeiss. High-Tech Gruenderfonds has about EUR 576 million under management in two funds (EUR 272 million HTGF I, EUR 304 million HTGF II).