Spartoo.com secures EUR12 million in funding
European online shoe retailer Spartoo.com has secured funding of EUR12 million from a private investment partnership.
Established in 2007, Spartoo.com claims to be Europe’s leading internet footwear retailer with more than 600,000 regular customers and more than four million unique visitors (Nielsen, November 2009).
The company has seen its turnover rise rapidly over the past three years and has been nominated as one of the fastest growing companies in Europe by GP Bullhound Media Momentum. It operates in France, the UK, Italy, Belgium and Luxembourg.
"In a very short time we have gained the position of uncontested leader in the European market. We are delighted to partner with top-tier investment funds and build on Spartoo.com's solid foundation to realise the next stage of our company's growth," said Boris Saragaglia, co-founder and CEO of Spartoo.com.
