Menlook secures €23 million funding to develop its marketplace offering, accelerate international expansion and finance potential acquisitions.
Clipperton acted as Sole Manager of the Transaction.
Paris – November, 13th 2014 – Clipperton, a leading European corporate finance boutique focused on the High Tech and Media industries announced the closing of a €23 million Series D financing for Menlook. The Company, based in Paris, is a leading online shopping destination dedicated to men’s fashion.
Bpifrance, Idinvest, Marc and Laurent Grosman, and other existing investors – Partech, Orkos and 123im – have taken part in this round.
Launched in 2010, Menlook has become in just over 4 yearsthe leading e-Commerce platform for men’s clothing and accessories, attracting 17 million visits in 2014. Through its websites Menlook, Saint-Sens and recently acquired UK-based Oki-ni, the Company distributes designer, contemporary and sportswear clothes and accessories from over 400 brands and under its own private labels in more than 125 countries worldwide. Menlook is entirely dedicated to men’s fashion and lifestyle, and stands from its competitors by offering a premium online and mobile shopping experience combining unique editorial content, personalised fashion advice and access to carefully curated products from a broad range of high-end brands.Menlook’s success to date has relied on its unparalleled industry expertise and relationships with brands as well as on its constant focus on developing an innovative online shopping experience for its users.
The proceeds of the round will be invested by Menlook – either organically or through targeted acquisitions – to boost its sales across Europe, capitalize on its early achievements in Asia and enter new geographies such as Brazil. The funds will also allow the Company to broaden its offering via a marketplace model, as well as develop and launch new services including mobile applications and Georges, a personal shopping assistant system.
Marc Menasé, founder and CEO of Menlook, declared “We are delighted to welcome such experienced strategic and financial investors as the Grosman family and Bpifrance. Their support, together with the continuous commitment of our existing investors, is yet another strong confirmation of our model and strategy.”
Marc and Laurent Grosman, Celio’s founders said “We have been extremely impressed by the rapid development of the company over the years and by the quality and relevance of its offering. We look forward to bringing our expertise in men’s fashion into what we know will be a very successful long-term collaboration.”
Jocelyne Cerasa, Investment Director of Bpifrance, added “We are thrilled to become part of the Menlook success story alongside other top-tier investors, and we strongly believe that the Company is best positioned than ever to achieve its ambition of becoming THE online lifestyle destination for men worldwide.”
Menlook’s financing round represents yet another e-Commerce transaction for Clipperton, underlining its expertise in this area.
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Clipperton is a leading investment bank dedicated to technology and growth companies: we provide strategic and financial advisory to entrepreneurs, corporates and top-tier investors in Europe willing to execute transactions such as strategic M&A, private equity transactions and private placements. Founded in 2003 and with offices in Paris, London, Berlin, Munich, New York and Beijing, Clipperton has completed over 300 M&A and private placement transactions with fast-growing technology start-ups, blue-chip corporates and renowned financial investors.