Made.com’s sales rose 63% last year ahead of its stock flotation, as reported by Techworld. The company, which allows users to buy designer furniture at a discount, won an award at the Techworld conference last year. The company, while attracting many users, still operates at a loss, which is why it needs a stock flotation. Made.com is run by Ning Li and Brent Hoberman who co-founded LastMinute with Baroness Lane-Fox. Made.com has been working with Adapt on its cloud infrastructure.
Brent Hoberman has been absent from the tech startup world for a decade; LastMinute got hit hard by the dot.com bust. To try to recoup some losses, Hoberman sold LastMinute to Sabre Group, which owned Travelocity.
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Made.com joins the recent trend of retail IPOs, and it has the Rothschild family as financial advisers. Brent Hoberman helps to run Made.com through PROfounders capital, where Hoberman is a partner. Made.com started out with only three employees, but now has 110. Hoberman is Governor of the University of the Arts in London, was selected to represent the U.K. in the Global Young Leaders gathering at the World Economic Forum in 2009 and was awarded Commander of the Order of the British Empire on New Years 2015.
