OnBuy secured £35 million in debt and equity.
OnBuy, a Poole, UK-based retail operator of an online marketplace, announced securing financing of £35 million ($48.5M).
The money represents a combination of debt and equity, in what the company calls Series A+ funding. Contributors include Bring Ventures, Norway Post venture arm, Fuel Ventures, Terra Firma Capital Partners founder and chairman Guy Hands, Klarna deputy CEO Knut Frängsmyr, and Play.com founder Richard Goulding.
OnBuy, founded in 2016 and led by CEO Cas Paton, sells over 36 million products from more than 7,000 retailers, with categories spanning fashion, gardening, electronics and furniture. It previously raised $6.3 million in 2020 from a total of almost $12 million.