Spanish on-line furnishings vendor Hannun crafts picket furnishings from discarded wooden. With a purpose to develop additional, the corporate has begun the method to affix BME Development. With the funds that it will elevate, the corporate needs to amass companies that share its imaginative and prescient.

The web furnishings vendor Hannun was established in 2007, in Spain. It sells furnishings and handicrafts produced from sustainable supplies. Its furnishings is crafted from discarded woods, corresponding to items which have fallen out of vogue, or wooden that’s left over after building.

Course of to affix BME Development began

In 2021, the corporate was generated a income of 4.09 million euros. Round 29 p.c of that income got here from worldwide gross sales. It has already held three funding rounds, which got here to a complete invested quantity of over 4.3 million euros.

‘The corporate generated a income of €4.09 million in 2021.’

The corporate will turn out to be listed on the expansion corporations market BME Development. In response to its printed doc for incorporation, this shall be carried out in two methods. Loans signed in 2021, that are price 3.78 million euros, shall be capitalized in a non-monetary capital enhance. Moreover, it’ll launch a share subscription supply for a most quantity of 8 million euros. Collectively, the method is predicted to lift round 12 million euros.

Plans to increase

With the itemizing, the corporate needs to speed up its development by permitting a larger influx of capital. With its natural development and model advertising and marketing, it plans to develop geographically. It has additionally introduced plans to amass different corporations within the sector with the identical imaginative and prescient. Nonetheless, it’s unclear which corporations precisely shall be acquired.