Great news from Brands4Friends: The leading Online-Shopping-Club in Germany just raised another 10 Mio. Euro in Venture Capital. Partech International joined the investors round, Holtzbrinck Ventures and Mangrove Capital Partners participated again in the Series B. The company was founded in 2007 by Lukasz, Oliver Jung, Kolja, Ehssan, the management around Constantin Bisanz and Christian Heitmeyer as well as a lot of other supporters -  mainly from Lukasz` network. Thanks to his invite I was also able to participate in the seed funding round. I did not regret it

Only 15 month after launch the revenue already exceeds 30 Mio Euro a year and still growths fast. I am curious whether brands4friends and other shopping clubs will be able to profit from the economic downturn. Consumers should spend less money for expensive brands. This could lead to increasing overstock for manufacturers and full-price resellers (good for sourcing) and consumers looking for bargains…