Second-hand clothing startup Patatam secures €3 million from slew of investors

Clothing ecommerce startup Patatam has raised €3 million in new funding from several investors to expand further across Europe.

Patatam is an ecommerce site, based in France, that purchases and re-sells second-hand children’s clothing.

The funding round features new investors, Groupe Duval, West Web Valley, and Swen. Previous investors Aquiti Gestion, PG Développement, Kernel Investissements, Herrikoa, and Adour Business Angels also participated alongside Price Minister cofounders Pierre Kosciuscko-Morizet and Pierre Krings and BlaBlaCar cofounders Frédéric Mazzella and Francis Nappez.

Avolta Partners served as advisor to the investment with legal counsel from Velvet Avocats.

The Biarritz-based company is eyeing up more regions in Europe for expansion, namely Northern Europe by the end of the year. It’s currently active in France, Spain, and the UK.

“This extra financing round will help us stand out as a European leader for online retailing of second-hand children’s wear,” said Eric Gagnaire, cofounder of Patatam. “We are currently working on an ambitious industrialization and optimization of our internal processes to widen our offering and extend our customer reach to 10 countries by the end of 2018.”