July 12, 2018 Press

SMP advises Lesara on the second major financing round within one year and on the transformation of legal form into a stock corporation (Aktiengesellschaft)

Berlin - Schnittker Möllmann Partners (SMP) has advised the Berlin-based e-commerce company Lesara on another financing round. The financing round with a total volume of 30 million euros was led by the American investor 3L Capital. In addition to 3L Capital, the existing investors Northzone, Mangrove Capital Partners and Vorwerk Ventures also participated in the financing. The new capital will benefit Lesara's expansion into a neighbouring European country. This is the second round of financing that the company and SMP have concluded within one year. In addition, the team around SMP partners Peter Möllmann and Matthias Schatz advised Lesara on the recent change from the legal form of a GmbH to that of a stock corporation.

Lesara AG was founded in 2013 by Roman Kirsch, Matthias Wilrich and Robin Müller. The mail order company, headquartered in Berlin, operates online platforms for fashion and lifestyle products in 24 countries worldwide.

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