Lastminute.com founder Brent Hoberman has raised a $60m round for his latest venture, online custom home design platform Made.com.
The investment round was led by Partech Ventures, putting in $34m via its €200m Growth fund.
“We decided to invest $34m in Made.com because we are convinced by the company’s clever and agile business model and by the exceptional quality of the management,” said Bruno Crémel, one of three general partners of Partech overseeing the Growth fund and now board member of Made.com.
Bringing in its fourth investment round since the company was founded in 2010, Made.com says it will use the funds to grow across its existing customer markets, including the UK, France, Italy, Germany, Belgium and the Netherlands, with a particular focus on investing in its technology, products and marketing.
“With the support of Partech Growth, we now have the funding and board expertise to fully execute on the next stage of our ambitious international growth plans and to further progress towards our aim of becoming Europe’s number one destination for home design,” said Ning Li, cofounder and CEO of Made.com.
Partech Growth invests between $10m and $50m in fast-growth technology and digital companies that have already achieved significant scale across either Europe or the US.