Shoe retailer Spartoo secures €25 million to fuel - footwearbiz: Lead

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Shoe retailer Spartoo secures €25 million to fuel growth

24/10/2012
Online footwear retailer Spartoo has secured €25 million in funding to help sustain its aggressive expansion in Europe.

The six-year-old French business' turnover has multiplied 20-fold over the past three years and it has become one of the largest online shoes, bags and accessories stores in Europe, stocking 30,000 models from 700 brands and with 12 million unique visitors per month.

"We are thrilled to partner with European institutional investors who endorse our growth strategy and are entirely supportive of our customer service strategy and our long-term strategic vision,” said Boris Saragaglia, CEO of Spartoo.  

Investment holding company Sofina, which led the latest round of funding, joins backers A Plus Finance, CM-CIC Capital Privé, Highland Partners and Endeavour Vision.

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