Veken Kaluste Oy
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Veken Kaluste Oy - overview
Established
1993
Location
-, -, Finland
Primary Industry
Retail
About
Based in Finland, and founded in 1993 by its chairman, Veijo Ranua, Veken Kaluste Oy, doing business as Veke, operates as an e-commerce and retail company that offers furniture and home décor products. In March 2022, Sentica Partners acquired a majority stake in Veken Kaluste Oy. for undisclosed financial terms. As of 2022, Markus Ranua acts as the CEO of the company with 125 employees.
Veke offers children's furniture, tables, sofas, beds, chairs, and mats, garden furniture, decor, and lamps through its website as well as in its retail stores. As of 2022, the company has physical stores, warehouses, and pickup points in Oulu, Rovaniemi, Vantaa, Lahti, Ranua, and Tampere. In the fiscal year 2021, the company generated more than EUR 30 million in revenue and made sales of EUR 31. 5 million.
Following the March 2022 acquisition, the company plans to further strengthen its market position.
Current Investors
Sentica
Primary Industry
Retail
Sub Industries
Furniture, Home Improvement & DIY, Warehouses, Internet
Website
www.veke.fi
Verticals
E-commerce
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Veken Kaluste Oy - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Veken Kaluste Oy | - |
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