German online lighting shop receives €120 million from 3i

German online lamp shop has received a major investment of €120 million, coming from the venture capital firm 3i. The company says 3i will also provide a short-term loan of €54 million. In 2016, the lamp shop generated sales of €61 million. has a selection of more than 50,000 lamps. It is active in 12 countries, and claims to be "the leading online retailer of lighting products in Europe".

"We are very pleased to enter the next phase of our growth history together with 3i," said co-founder Thomas Rebemann, as reported by Deutsche Startups. "3i has extensive experience in the consumer goods industry and an impressive network that will help us expand our presence in Europe."

Peter Wirtz, CEO of 3i Deutschland, reported that the VC firm planned to support the company in expanding internationally.

Read more: Deutsche Startups (German)

Share this:
Share on linkedin
Share on facebook
Share on twitter

Get exclusive access to news, data and actionable insights on the European Tech innovation ecosystem(s)

By subscribing to, you gain instant access to curated European technology news, market intelligence and interviews with leading startup founders, investors and more. Sign up now in under a minute to deepen your knowledge on the European Tech innovation ecosystems on a daily basis.