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Berlin, GER — Shareholders have invested another €15.9m in the Internet furniture retailer Home24, which operates across multiple European markets.


Rocket Internet led the funding round — pumping another €10m into the business — though others have also participated, including new — unspecified — investors.


The funding round was financed through the issue of new shares along with the purchase of existing treasury stock.


2014 has seen Home24 expand its European reach, launching into the Swiss, Belgian and Italian markets — including dedicated websites for each country — which brought the total EU markets served to seven. It also runs a furniture ecommerce business in Brazil under the Mobly name.


Berlin based Home24 owns the UK web domain (home24.co.uk) but has not yet announced plans to launch into Britain.


Home24 grew sales by 43 per cent to €69.1m in the first six months of 2014, more than halving its EBITDA deficit to €14.4m in the process.


The latest funding round theoretically values the company at over €800m, with Rocket Internet owning around half the firm’s shares.