secures Dawn Capital funding

Online retailer has secured a Series A investment from venture capital firm Dawn Capital.

The transaction, which was for an undisclosed amount, is Dawn Capital’s first institutional investment in the company, and the firm was the only investor in this round. founder and CEO Ian Monk, says that the investment will allow the company to broaden the range of brands it supplies, and adds: ‘Through investment in both offline and online marketing channels, we plan to accelerate the expansion of the business over the next five years.’

The development capital will also enable the company to expand into international markets.

Under the terms of the deal, Chad Raube, investment partner at Dawn Capital, will join the board of directors.

Bedfordshire-based was founded in 2004 and sells a range of bathroom products and suites. The company sells to both public and trade buyers through its website, and has been profitable since launch.

London-based Dawn Capital is a venture capital firm that invests up to £5 million in companies seeking expansion capital.

Nick Britton

Lexus Ernser

Nick was the Managing Editor for when it was owned by Vitesse Media, before moving on to become Head of Investment Group and Editor at What Investment and thence to Head of Intermediary...

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