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BuyVIP

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Online shopping club offering discounts for members on fashion and lifestyle brands- acquired by Amazon

Madrid, SpainFounded 2006eCommerce & Marketplaces
Valuation $0–100M Latest valuation · 2017
Revenue $100–500M Latest reported FY
Total funding $10–50M Disclosed equity funding
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About BuyVIP

BuyVIP emerged in 2006 as a pioneering force in the European e-commerce sector, co-founded by Spanish entrepreneurs Gustavo García Brusilovsky and José Luis Vallejo. Brusilovsky, with a diverse background in biochemistry, IT, and marketing, including roles at major corporations like IBM, brought a unique blend of B2B and B2C marketing expertise to the venture. This experience proved crucial in persuading major brands to partner with the unproven online platform. The company established itself as a members-only online retail club, specializing in flash sales of luxury fashion and lifestyle products at significant discounts.

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The business model centered on offering limited-time sales events to its members, creating a sense of urgency that drove purchases. This strategy allowed BuyVIP to manage inventory effectively and provide a discreet channel for high-end brands like Calvin Klein, Fendi, and Levi's to sell excess stock. The company grew rapidly, expanding its operations across Spain, Italy, Germany, Austria, Poland, the Netherlands, and Portugal, and amassing a membership base of over six million. Revenue was generated directly from the sale of these discounted goods. The model's success was evident when the company achieved profitability in the second quarter of 2010.

A significant milestone occurred in October 2010 when Amazon acquired BuyVIP for approximately €70 million, a landmark transaction in the Spanish tech industry at the time. The acquisition was intended to complement Amazon's European retail business and provide its customers with a new avenue for discovering products. Following the acquisition, Brusilovsky remained as CEO until 2012 before moving on to other entrepreneurial ventures, including founding the SaaS platform Klikin and taking on a role as GM for Deliveroo Spain. Despite initial optimism, BuyVIP struggled with profitability under Amazon's ownership. In April 2017, Amazon announced the closure of BuyVIP, citing the unsustainability of the flash sales model. The website was shut down, and employees were integrated into other roles within Amazon.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
2006
Headquarters
Madrid, Spain
Open positions
None listed
Dealroom signal
57.3/100
Industry
Fashion, Marketing
Sector
eCommerce & Marketplaces, Shopping, Social Commerce, Group Buying, Performance Management, Deal Comparison, Discount, Pay Per Result, Became Thoroughbred as Subsidiary
Business model
Marketplace & ecommerce
Client focus
b2c

Latest news

Press, funding announcements and product moves mentioning BuyVIP.

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Funding history

6 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITIONExit Oct 2010 $97M $97M Amazon
SERIES CEquity / VC Apr 2009 $20M $80M Active Venture Partners · Kennet Partners
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Financials

Revenue, earnings and profit over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

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Growth signals

BuyVIP website traffic

Latest recorded traffic for BuyVIP is 190 monthly website visits, down 5% over the last three months.

Latest monthly visits190 3-month web change-5%
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Similar companies

Closest operating peers by Dealroom taxonomy

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Investors

9 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A2 investors entered at this stage

  • 3i Group
  • Gruner + Jahr

Series B and later2 investors entered at this stage

  • Kennet Partners
  • Active Venture Partners

Other known investors5 additional known investors

Team profiled 6 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇪🇸 Spain · Madrid HQ
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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about BuyVIP on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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