Showroomprive Secures 37m Euros From Accel To Roll-Up In Europe

Showroomprive, which claims to have the No. 2 spot in European private sales sites after Vente Privee, has raised 37 million euros from Accel Partners for a minority stake. The members? only fashion e-commerce site which sells designer brands at discount prices was founded in France but entered the Spanish market this year and is growing quickly.

Three years after launch Showroomprive claims to be the second online sales site in France with 3 million members and 75 millions euros of revenue in 2009. It’s now aiming for 140 millions euros and
6 millions members. In 2010 it partnered with for ?privileged sales,? launched in Spain and is soon launching a mobile app. Showroomprive will invest in a new warehouse to increase capacity and also look to acquire.

Yes folks, it’s time to roll-up all those private sales sites in Europe.


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