Following the first financing round with eCAPITAL in early 2010, svh24.de GmbH has secured a second financing round from a reputable German family office. The current round totals EUR 8 m. The company will use the fresh funds to intensify its marketing and sales activities, and thereby strengthen its sustain-able growth.
Alexander Schmidt founded the company in 1998 and has grown it to become the leader in the online tool market. Svh24 focuses on specialized shops, targeting the intensive B2B segment as well as the price sensitive B2C segment. Customers can choose from over 10.000 articles and have them delivered within 24 hours. svh24 fuels its growth by continuously developing its product offering to address customer needs and by concentrating on customer service as well as the usability of its web site. The company”s web site has been certified as a trusted shop and received multiple awards.
“It is great to have won over such a successful family office as new investor for svh24.de. Together with this strong partner we are optimistic to further strengthen our position as the market leader. In addition we will broaden our product portfolio and establish a special craftsmen portal site tailored to several specific crafts”, Alexander Schmidt says.
Paul-Josef Patt, CEO of eCAPITAL, adds: “Despite many inquiries and offers we re-ceived from other family offices and big M&A advisories, we have chosen to work with this particular family office. Its profound entrepreneurial expertise, its strong net-work in the retail industry, and – last but not least -its capability to fill this round as a single investor have convinced us.”
For further information you can contact us on the telephone number +49(0)1805 / 78 42 43* or visit our website www.svh24.de.
First the today”s eCommerce company svh24.de, founded by Alexander Schmidt in 1998, made its mark with a 2,500 square meters retail store in Dortmund. A wide range of 40,000 high professional products had always been available for clients of industry and craft as well as for quality conscious do-it-yourselfer. Beyond that, customers and craftsmen had the opportunity to select between 200,000 brands offered in a catalogue, which have been sent within 24 hours.
As the interests and needs of the customers are the basis of the steady company growth, nowadays the focus concentrates on the eCommerce. Thereby the modern requirements of the customers regarding goods, services and quality can be fulfilled much better.
The whole range of products of the nationwide well-known online shop includes about 10,000 articles, which are placed in different ranges as tools, consumer electronics as well as in hard- and software. So, every single customer of svh24.de has the possibility to purchase branded products comfortable and safely, which usually will be delivered within 24 hours.
The certified online shop svh24.de convinces with customer satisfaction and security, but also verifies it with the “Trusted Shop Zertifikat” and with the “Usability Award”.
*0.14 EUR per minute from landlines. Max. 0.42 EUR per minute for German cell phones. Costs per minute from foreign countries may differ.
0049 – 1805 / 78 42 43