UK’s Online Furniture Retailer WorldStores raises £25M

What does WorldStores do?

WorldStores is a UK based online retailer of furniture and home wares. WorldStores is the largest online retailer of products for home and garden. Thousands of customers shop on their online store every week and are expecting to receive 45 million visitors to their site this year.

The goal of this online furniture retailer is to provide the customers an enjoyable shopping experience with plenty of choices under one roof than their competitors. It also provides the option of next day or day of choice deliver on many of the furniture items.

How much Worldstores funded?        

WordlStores, received a £ 25 million in Series D funding on March 3^rd, 2015 led by Goldman Sachs. Other investors include Serena Capital, Balderton Capital and Advent Venture Partners.

Previous Funding

• Undisclosed amount/ Undisclosed on July 2009 by Balderton Capital.
• £ 10 M in Debt Financing on June 1^st, 2011 by Baldertaon Capital.
• $15.2 M in Series C funding on June 3^rd, 2013 by investors Serena Capital, Advent Venture Partners and Balderton Capital.

What is next for Worldstores?

WorldStores the home and living products is going to use the new funding to support many strategic developments of the company, especially to create a an in-house fulfillment fleet to provide a one hour window next day delivery to above 90% of the United Kingdom’s population throughout the week.

It is also planning to invest in improving its flash sales membership platform, Casafina. To sum it up, the latest funding is to further position WorldStores as an online and ascendable alternative to the traditional furniture retailers.

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More about WorldStores

WorldStores was founded in 2003 by Richard Tucker, this online furniture retailer claims to be UK’s largest online retailer of products for the home and garden. Though there are plenty of online furniture retailers, WorldStores and its investors, believe that this online furniture retailer can continue to aggressively compete with its competitors with better infrastructure and technology.