European Internet Shoe Retailer Spartoo.com Secures 12 million Euros in Follow-on Funding

 Spartoo.com, a European site that sells  footwear over the Internet, announced Jan. 13 that it has  closed on a €12 million Series B round of financing to accelerate growth. 

This funding round was led by Highland Capital Partners and Endeavour Vision.  They were joined by existing investors A Plus Finance and CM-CIC Capital Privé. 

Created three years ago, Spartoo.com  claims to be the European leader in Internet footwear sales, with over  600, 000 regular customers and over 4 million unique visitors (Nielsen, November 2009).  In a European market estimated at over €50 billion, Spartoo.com has seen its turnover multiply by 70 over the past three years and has recently been nominated amongst the fastest growing companies in Europe by GP Bullhound Media Momentum.  

Spartoo operates in France, the United Kingdom, Italy, Belgium and Luxembourg.