Vivense, Turkish furniture marketplace, raises $130 million

The company plans a global expansion, starting from the UK

Vivense, a Turkish online marketplace of furniture, raised a $130 million investment from Actera Group, Turkish private equity fund.  Vivense to use the investment for global expansion plans, starting from the UK this year. 

Founded in 2013, Vivense brings together its online channels with 53 brick-and-mortar stores. The press release said the company reached one million households with a product selection from over 500 suppliers. Logistics operations and fulfillment centers of 50,000 square-meters are run by an in-house supply chain software, added the press release.

UK’s first store in September, e-commerce starts early in 2021

“In addition to 53 stores, we will start adding new experience centers, special collections of furniture products, and e-commerce platform development are also in the pipeline. We’ll be opening our London showroom in September and the launch of our e-commerce platform will follow early 2021,” said Kemal Erol, the CEO and Founder at Vivense.

Among the investors of Vivense are Earlybird Venture Capital, IFC, European Investment Fund and European Bank. I contacted to Kemal Erol to ask whether this investment was an exit. He declined to comment.

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