Familia Valuation, Funding & Investors

Familia is valued at $900M as of November 2019.

Last Familia valuation

$900M

Strategic investment · Nov 2019

Last Familia funding round

$225M

Strategic investment · Nov 2019

Cumulative funding Familia raised

$225M

across 2 funding rounds

Key investors in Familia

Familia Overview

About Familia

Familia is Russia's first nationwide off-price retail chain, established in 2000 with stores across the country. It sells clothing, shoes, accessories, and household goods from Russian and international brands at discounts up to 85 percent. As the CIS region's pioneer in the off-price model, the company maintains over 100 outlets, sourcing excess inventory from brands like Adidas, Levi's, and local labels to offer value-driven shopping in Moscow, St. Petersburg, and other cities.


Founded

2000

HQ

RussiaMoscow

Website

famil.ru

Status

Privately held

Customer focus

B2C

Revenue model

Product sales

Valuation

$900M (Nov 2019)

Familia Valuation

Familia is currently valued at $900M, based on its strategic investment round in November 2019.

The $225M round was led by TJX Companies.

Familia valuation by funding round

Familia valuation by funding round
DateStageValuation
Nov 2019Strategic investment$900M

Familia Funding History

Familia has raised a total of $225M across 2 funding rounds.

Familia's first fundraising round was a undisclosed-stage round in December 2016. The most recent completed round was a $225M strategic investment round in November 2019.

Familia funding rounds

Familia funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Nov 2019Strategic investmentTJX Companies (lead)$225M$900MFamilia is a privately held off-price apparel and home fashions retailer headquartered in Luxembourg, operating more than 275 stores across 90 towns in Russia as of November 2019. Founded in 2000, it offers women's and men's clothing, shoes, accessories, and household goods, positioning itself as a leader in Russia's off-price retail market with an emphasis on value and operational efficiency. On November 18, 2019, TJX Companies, through a wholly owned subsidiary, invested $225 million to acquire a 25% non-controlling ownership stake in Familia, implying a post-money valuation of $900 million. The deal allowed TJX to enter Russia's off-price market, with TJX gaining the right to elect one board representative. Familia's founders, Goldman Sachs, and Baring Vostok remained as other shareholders. BofA Securities advised TJX, while Goldman Sachs International advised Familia. The investment recognized Familia's strong market position and growth strategy. Earlier in 2019, Familia reported 24% turnover growth in the first nine months, and it had opened four new stores that year, including three in Moscow. CEO Konstantin Nadezhdin highlighted TJX as an aspirational standard for Familia's business model. TJX later divested its stake in March 2022 amid Russia's invasion of Ukraine, with the carrying value at $186 million as of January 2022 after currency revaluation losses. Directors Doug Mizzi and Scott Goldenberg resigned from Familia's board.
Dec 2016Undisclosed stageBaring Vostok Capital Partners (lead); Goldman Sachs--Funds managed by Baring Vostok and Goldman Sachs acquired a combined 49% stake in Familia, a Russian off-price retailer of clothing and home goods, from its founders. Baring Vostok reportedly took 24.5% and Goldman Sachs 25%, leaving the founders in majority control.

Who has invested in Familia?

3 investors have backed Familia across its funding rounds, including Goldman Sachs, Baring Vostok Capital Partners and TJX Companies.

Lead investors include TJX Companies and Baring Vostok Capital Partners.


Familia Investors

Investors in Familia by funding rounds participated
InvestorHQRoundsRoleFirst check
Goldman SachsUnited StatesNew York City, NY1ParticipantDec 2016

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Familia Competitors

Familia competitors include listed companies like Magalu, JINS Holdings, Nick Scali and Grupo Palacio de Hierro, and private ones like Easyhome Furnishing New Retail Chain Store Group and 1 India Family Mart.

Public and private companies comparable to Familia
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Easyhome Furnishing New Retail Chain Store GroupChinaBeijingPrivate$1B-$5.3B5.2x
1 India Family MartIndiaIndiaPrivate--$54M-
MagaluBrazilBrazilPublicly listed$7.5B$402M$896M0.3x
JINS HoldingsJapanJapanPublicly listed$625M$95M$882M1.2x
Nick ScaliAustraliaAustraliaPublicly listed$368M$129M$873M2.8x
Grupo Palacio de HierroMexicoMexicoPublicly listed$3.2B$331M$933M-

Familia Public Comps

Familia is still privately-owned, but its public comps include Magalu, JINS Holdings, Nick Scali, Grupo Palacio de Hierro, Douglas, Galver, Pet Valu, Carasso Motors, Pick n Pay and Foschini Group.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Magalu$7.5B$402M0.3x0.3x5.5x3.9x
JINS Holdings$625M$95M1.4x1.2x9.2x7.9x
Nick Scali$368M$129M2.8x2.8x8.1x8.2x
Grupo Palacio de Hierro$3.2B$331M0.6x-6.0x-
Douglas$5.3B$849M0.6x0.6x3.8x4.1x
Galver$11M($207K)82.2x-(4537.3x)-
Pet Valu$842M$170M1.7x1.7x8.4x7.8x
Carasso Motors$2.8B$492M1.3x-7.2x-

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Common questions about Familia

When was Familia founded?Familia was founded in 2000.
Where is Familia headquartered?Familia is headquartered in Moscow, Russia.
Is Familia publicly listed?No, Familia is a private, VC-backed company.
What is Familia's valuation?Familia was last valued at $900M in its strategic investment round in November 2019.
How much funding has Familia raised?Familia has raised $225M across 2 funding rounds.
What was Familia's last funding round?Familia's last funding round was a $225M strategic investment round in November 2019, led by TJX Companies.
Who are Familia's investors?Familia's investors include Goldman Sachs, Baring Vostok Capital Partners and TJX Companies.
Which companies are comparable to Familia?Companies comparable to Familia include Easyhome Furnishing New Retail Chain Store Group, 1 India Family Mart, Magalu, JINS Holdings, Nick Scali and Grupo Palacio de Hierro.

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