German shopping club Brands4Friends.de has raised a €10 million round of funding. It’s their series C, led by Partech International. Some old friends from previous rounds joined them: Mangrove Capital Partners and Holtzbrinck Ventures both chipped in. In these rough economic times, such a large boost in an e-commerce site is quite spectacular.
Yet when you read Brands4Friends’ story, the financial backing makes complete sense.
The full story here: Shopping clubs are hot: Brands4friends.de raises €10MAlso see http://www.pehub.com/24601/brands4friends-raises-e10-million/
