Founded in 2012 and based in Bremen, Profishop is an online retailer of industrial supplies and consumer goods. With more than 1.5 million items in the procurement marketplace, B2B customers can access a unique product range for various production needs, with a reliable direct shipping service for businesses.
In 2021, their total revenue increased 100 percent year-over-year, to a total of €100m. The company also reached the profitability threshold for its customer segments in Germany, Austria and France.
The €30.75m funding will be used to invest in the platform and drive further international expansion, with access to global customers through fulfilment services in 12 additional countries in 2022 alone.
This transaction is further testament to GP Bullhound’s expertise in Digital Commerce, including the investment in AnyVan by Vitruvian Partners, the acquisition of Lola Market by Glovo, and the investment in Lingoda by Summit Partners, among many others.
About GP Bullhound
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world’s best entrepreneurs and founders. Founded in 1999 in London and Menlo Park, the firm today has 12 offices spanning Europe, the US and Asia. For more information, please visit www.gpbullhound.com.