Made.com plans to push forward with its growth strategy in its existing markets of the UK, France, Italy, Germany, Belgium and The Netherlands using its latest investment valued at $60 million.

The European markets combined have an estimated size of over £100 billion.

The e-tailer has seen continued strong growth over the last three years, which has resulted in improvement against all of its financial metrics year-on-year.

Made.com has also recently launched in Germany and its international markets make up 30% of its revenues, with the company foreseeing this to exceed 50% in the near future.

Its recent investment round of $60 million was led by Partech Growth Fund and supported by Fidelity Growth Partners as well as existing investor Level Equity.

Retail analyst at Verdict, Matt Walton, said the investment is particularly important for the e-tailer as it aims to drive revenue and potentially float.

"Increasing this part of its business will be a key way of achieving this," he said. "However, to gain traction in other countries would require significant investment in its infrastructure to maintain standards. By expanding now, it also will help it gain a first mover advantage in other markets where it can be the benchmark that customers compare others to."

Ning Li, co-founder and CEO of Made, said: “In just five years Made has built a powerful brand and an excellent customer proposition, which is changing the way we shop for furniture. With the support of Partech Growth, we now have the funding and board expertise to fully execute on the next stage of our ambitious international growth plans and to further progress towards our aim of becoming Europe’s number one destination for home design.”

Bruno Crémel, general partner of Partech Ventures, who joined the Made board of directors as part of the funding round, added: “The company’s clever and agile business model and the exceptional quality of the management team give us strong confidence that Made will become the European leader of online design furniture.”

The e-tailer also announced its decision to appoint former SuperGroup chief operating officer Susanne Given to its board as independent director.

Given said: “Made occupies that unique space sitting between the creative use of technology and consumer facing multichannel tools, which combined with its fresh approach to both customers and supply chain, has allowed it to carve out an impressive position in the European home interiors market over the past five years. I look forward to working with the board and sharing my knowledge and experience as the business continues its rapid international growth."