Profishop raises $35 million
The Bremen-based online retailer has gained an international investor in Tiger Global.
The online retailer Profishop has received 35 million US dollars in a current financing round, according to start-up scene reports. Profishop only expanded into the USA at the beginning of 2022 and has now gained an international investor in Tiger Global. Tiger Global is to be the lead investor in the current financing round.
Profishop offers tools and materials for the construction, industry and trade sectors on its B2B platform. More than 1.5 million products can be found in the online store, including ladders, cable drums and cleaning equipment. According to the company, over 200,000 customers have already ordered products on the platform. However, Profishop does not deliver the products itself, but rather the respective manufacturers. To this end, the start-up cooperates with around 1,600 retailers.
The couple Arasch Jalali and Anna Hoffmann founded the platform in 2012. The start-up is headquartered in Bremen and employs around 120 people. Profishop is currently active in 13 countries. The founders want to use the new capital to expand into other countries and further develop their platform.
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