Lookiero’s $30 Million Series C Funding Round

Cuatrecasas advised Lookiero, while Squire Patton Boggs represented Perwyn Growth Capital in the transaction.

Lookiero, the online personal shopping service, completed a US$30 million Series C funding round.

The US$30 million Series C funding round was led by Perwyn Growth Capital, a family-backed private equity and growth capital investor, with Lookiero’s existing investors MMC Ventures, All Iron Ventures and Bonsai Partners following on in the round.

Founded in 2015 by Oier Urrutia, Lookiero combines the expertise of personal shoppers and an understanding of its customers with in-house recommendation algorithms to provide a personalised style experience. Headquartered in Bilbao, the company has rapidly expanded across seven countries, including Spain, the UK, France, Italy, Portugal, Belgium and Luxembourg. Employing a team of more than 400 people, Lookiero has over three million registered users and, in the first half of 2021, the company grew its revenue by over 50%.

The Squire Patton Boggs cross-border team advising Perwyn was led by Corporate partners Ben Squires (Picture; London), Rafael Alonso (Madrid) and Paul Mann (Leeds), and also included associate Harry Hobson (Leeds) and senior associate Borja Echegoyen (Madrid).

Bilbao-based Cuatrecasas lawyers José Ramón Berecibar, Santiago Bayo and Jon Lanz led the advisory service to Lookiero.

Involved fees earner: Santiago Bayo Sevilla – Cuatrecasas; Jose Ramón Berecibar – Cuatrecasas; Jon Lanz Ugarte – Cuatrecasas; Rafael Alonso – Squire Patton Boggs; Borja Echegoyen – Squire Patton Boggs; Harry Hobson – Squire Patton Boggs; Paul Mann – Squire Patton Boggs; Ben Squires – Squire Patton Boggs;

Law Firms: Cuatrecasas; Squire Patton Boggs;

Clients: Lookiero; Perwyn Growth Capital;

Author: Federica Tiefenthaler