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Navabi gains funding in UK sales drive

German -size etailer Navabi has gained investment from Nordic online retail investor Verdane Capital in its latest funding round, which it will use to ramp up UK and international sales.

The value of the investment was not disclosed, but Navabi said it was an eight-figure sum in euros. 

Navabi said it plans to use the investment to boost international sales, particularly in the UK, as well as markets such as Scandinavia. It said Germany currently amounts to two-thirds of its sales.

The funding will also go towards technology development, building on its focus on data and automation, and on its in-house data science and artificial intelligence systems.

The etailer stocks more than 150 labels including Marina Rinaldi Sport and Levi’s, as well as own-brand ranges.

It operates in more than 30 markets, including the UK, Germany, France and the US.

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