Profishop raises $35 million

The Bremen-based online retailer was able to win an international investor with Tiger Global.

Online retailer Profishop is receiving $35 million in a current round of financing, as Gründerszene reported. Profishop only expanded into the U.S. at the beginning of 2022, and now it has been able to attract an international investor in the form of Tiger Global. Tiger Global is said 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's own information, more than 200,000 customers have already ordered products on the platform. However, Profishop does not deliver the products itself, but rather the respective manufacturers. To do so, the start-up cooperates with around 1,600 retailers.

The pair Arasch Jalali and Anna Hoffmann founded the platform in 2012. The start-up is headquartered in Bremen and employs around 120 people. Currently, Profishop is active in 13 countries. With the new capital, the founders want to expand into other countries and further develop their platform.