Thursday September 14th

Lesara enters 30 million through investors

The online price fighter Lesara has raised thirty million euros of new growth money from American and European investors for further European expansion. Founder Roman Kirsch talks to EMERCE eDay about how he evolved an almost Europe-wide store  in a short period of time.

The new working capital is used to open online branches in Denmark, Sweden, England and Spain. Lesara is looking for the fight with companies like H&M, Bestseller and Zara. The young entrepreneur Kirsch distinguishes himself by the speed of action, also in customization of the assortment.

The existing investors participating in this round are Northzone, Mangrove Capital and Vorwerk Ventures. New are Armat Group and Pendant Marshfield Associates.

Lesara saw sales increase by 175 percent last year, to around eighty million euros.

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