Amsterdam-based online interior outlet NADUVI, which offers items from popular interior brands with huge discounts, has raised $10M (approx €8.17M) in its Series A round of funding led by Begin Capital. The round also saw participation from All Iron Ventures, FJ Labs.
In addition, existing investor Slingshot Ventures, and a number of undisclosed Angel Investors, including Marco Pieters, managing partner of Slingshot, invested in this round.
Alex Menn, founding partner at Begin Capital, says, “NADUVI is building a technological platform that allows consumers to purchase beautiful interior brands at significant discounts. We are impressed by the team and the strong growth of the brand in a short time and believe it has great international potential.”
Funds for supporting recent growth
NADUVI celebrated its first birthday in March this year and claims that it has been growing with double figures each month. And the raised capital from this round will be used to reinforce the platform’s fast growth. Itai Gross, founder & CEO of NADUVI said, “We can look back on an excellent first year. This new funding round demonstrates that investors believe in our vision. Our goal is to become the largest online interior outlet in Europe and offer all customers great items at major discounts.”