Spain-Primarily based D2C Platform Hannun Secures Extra Than €1.15 Million By Crowdcube Spherical

Hannun, a Spain-based D2C platform that sells furnishings and residential items from native artisans, has secured greater than €1.15 million by means of its fairness crowdfunding marketing campaign on Crowdcube. The funding spherical made its debut earlier this month, initially in search of €700,000.

Based in 2017, Hannun described itself as a digital-native model that designs, manufactures, and sells moral furnishings, by means of its personal platform. The platform’s community of greater than 25 artisans are based mostly in Europe and use eco-certified, non-toxic, and recyclable supplies.

“In three years, now we have constructed a magnetic platform (5M+ annual periods) and a related catalogue of 258 distinctive merchandise. Apart from, our warehouse-free enterprise mannequin is capital environment friendly, as a result of our outsourced artisans ship on to clients. With our values and social media technique, we expect Hannun is well-positioned within the €30Bn+ on-line European furnishings trade (+8.1%/12 months market development anticipated till 2024).”

Funds from the Crowdcube marketing campaign might be used to speed up Hannun’s enlargement plans by means of its worldwide advertising plan and provide chain enhancements. The corporate is now providing 13.06% in fairness at a €7.7 million pre-money valuation by means of the funding spherical, which is about to shut mid-January.