-ThinkNatural.com, Europe's first and largest natural health care site, has won £10 million of new funding on the day Boo.com collapsed for lack of cash.
Kingfisher, the UK retail group which owns Woolworths, B&Q, Comet and Superdrug, led the new round of investment with an injection of £4.5 million. The rest of the money came from existing investors including Amadeus Partners and Gilde IT Fund.
Additional funding comes from Dresdner Kleinwort Benson and VC firms Eclipse Investment partners, SoftTechNet.com and Merefin.
The funding will be used for continued growth of ThinkNatural's online and offline natural health business in the UK, as well as for the company's planned expansion into Europe.
Carol Dukes, chief executive of ThinkNatural.com, said: "The financing and the relationships that we are announcing today clearly propel ThinkNatural into a different league."
Mathias Hink of Dresdner Kleinwort Benson, commented: "Since the Nasdaq correction people have become a lot more discerning about Internet investment, which is healthy. But there are still some really excellent businesses out there with great management and ThinkNatural is one of them."