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Business News

Hoberman raises £6m

Lastminute.com's founder Brent Hoberman was celebrating yesterday after his latest start-up – the online furniture sales firm Made.com – raised £6m in a second round of funding.

The New York-based investment house Level Equity has led the fund raising, and was joined by PROfounders Capital, the London venture capital firm in which Mr Hoberman is a partner.

Ning Li, Made's 29-year-old chief executive, founded the company in 2010, with Mr Hoberman serving as chairman.

The Notting Hill-based company sells designer furniture at what it claims are "accessible factory prices" and has already collaborated with artists such as Damien Hirst, the Chapman Brothers and Ai Weiwei.