Gwyneth Paltrow’s Goop firms up for Europe expansion

It’s not only singing and acting, but business as usual for Actor Gwyneth Paltrow. The actor's lifestyle company, Goop, is mulling an entry into the European markets with $50 million as the venture capital.

The company’s valuation is estimated at $250 million, according to sources.

The Series C round funding included participation from both new and existing investors, including NEA, Fidelity Management and Research Co, Lightspeed Venture Partners and Felix Capital, the sources said.

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The company started shipping to Canada last December and now it is planning expansion in Europe. It also hopes to take the concept of experiential retail to overseas markets, according to PTI news.