Online shoe store Spartoo is stepping into €25 million.
Known as the “Zappos of Europe,” Spartoo is a straightforward e-commerce site that sells affordable footwear. The inventory contains roughly 30,000 options provided by 700 brands, including popular retailers Ugg, Nine West, and Dolce and Gabbana. The selection is wide, spanning women’s high-heeled stilettos, men’s work boots, and children’s flip flops, as well as bags and other accessories. Delivery is guaranteed, and free returns are possible for up to 30 days.
Spartoo was founded in France in 2006 and has since expanded to 20 European countries. It sold 2 million pairs of shoes last year and is growing fast. This investment will go towards sustaining the rapid growth and entering new markets.
Sofina, A Plus Finance, CM-CIC Capital Privé, Highland Partners, and Endeavour Vision contributed to this round, which brings Spartoo’ total financing to €45 million. Read the press release.