Large (offline)-merchant Tengelmann bought 10% of Brands4Friends from existing investors around Team Europe Ventures and including me.

Thanks to the invitation from non-executive co-founder Lukasz Gadowski I had invested a small amount during the seed round in summer 2007.

Even though no transaction details are public it is no secret that all seed-investors made a fantastic multiple

The private shopping club made already 80m € revenue in 2009 – just 2 years after the company had been founded.

Congratulation and thank you to the founders and management and I wish you all the best for the future and further growth of Brands4Friends!