DaWanda Receives Majority Investment from Insight Venture Partners to Continue Global Expansion

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DaWanda Receives Majority Investment from Insight Venture Partners to Continue Global Expansion

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Berlin, 22. January 2015: DaWanda, Europe’s largest online marketplace for unique and hand-crafted goods, today announced that prior investor Insight Venture Partners has acquired a majority stake in the company, alongside new investors Global Founders Capital, Enfield, and Kersiwood. The new financing round will be used to further national and international expansion.

"The trend towards hand crafted goods is continuing here unabated, and has given rise to its own market segment. We are delighted as we continue to work with Insight to develop our business model for international expansion.”, stated Claudia Helming, founder and managing director of DaWanda. "The confidence that an investor with such global experience continues to place in us is a huge encouragement.”

Berlin-based DaWanda is a leading marketplace in Europe for one-of-a-kind articles and handcrafted goods. The platform enables users to create store-fronts to sell their DIY goods or purchase items directly from the creator. With more than 5 million active members and 15,000 products being added each day, DaWanda offers a unique alternative to mass-produced goods.

DaWanda leads the European market in DIY and hand-crafted products, and through the years we have been impressed with their widespread growth. Insight’s new investment will focus on growth that is quick, yet sustainable, and we are pleased to continue our financial and strategic partnership.

Brad Twohig, principal at Insight Venture Partners

About DaWanda
DaWanda is an online market place for one of a kind articles and hand crafted goods. As a counter pole to mass produced goods, DaWanda is the place to contact for people who ap-preciate the special nature of objects made by hand. Around 300,000 dealers offer more than five million products for sale on www.dawanda.com, around 15,000 new ones are added each day. Apart from articles from the area of fashion, jewellery and home furnishings, the site also offers everything you need to make things yourself such as materials or instructions for making your own products. DaWanda was founded in December 2006 by Claudia Helm-ing and Michael Pütz and today already has over 5 million members. The seat of the compa-ny is Berlin. DaWanda numbers among the 30 most popular trading companies in Germany according to the 'Proposition Index 2014' of OC&C strategy consultants.

About Insight Venture Partners
Insight Venture Partners is a leading global venture capital and private equity firm investing in high-growth technology and software companies that are driving transformative change in their industries. Founded in 1995, Insight has raised more than $8 billion and invested in more than 200 companies worldwide. Their mission is to find, fund and work successfully with visionary executives providing them with practical, hands-on growth expertise to foster long-term success.

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