Otrium tech.eu

Amsterdam’s Otrium snags €24 million to expand fashion marketplace that sells excess inventory

Amsterdam-based Otrium, an online fashion marketplace that aims to move unsold clothing at the end of the season, has raised €24 million in Series B funding to fuel further international expansion. The round was led by Eight Roads Ventures, with existing investors Index Ventures and Hans Veldhuizen participating as well.  The e-commerce platform allows brands […]

Vestiaire tech.eu

French fashion tech company Vestiaire Collective raises €59 million for secondhand luxury

Vestiaire Collective, the French creator of a global clothing resale platform, has secured €59 million in financing to pursue its mission of “keeping clothes out of landfill”. Investments came from existing shareholders and new ones, such as Korelya Capital, a Paris-based VC backed by Korean technology conglomerate Naver, Vaultier7, Cuir Invest, and funds managed by […]

Material Exchange tech.eu

Swedish startup Material Exchange raises $2 million seed to digitally transform the fashion supply chain

Material Exchange Ventures, a Stockholm-based startup and creator of an eponymous sustainable fashion platform, has raised a $2 million seed round led by Inventure. The investment will be used to open a sales and technical support hub in mainland China. Material Exchange, the SaaS platform, enables footwear and apparel brands to create, develop and source […]

Swedish fashion startup NA-KD closes its Series B round at €65 million, with the extra €20 million for localisation

Gothenburg-based fashion e-commerce company NA-KD gets an extension of €20 million in funding as part of its Series B, making it worth €65 million in total. The extension was led by existing investors Partech, Northzone and eEquity, and included new investors Quadrille Capital and La Maison.  NA-KD official reports in net sales in 2018 are […]

Online fashion marketplace Depop secures $62 million in funding

UK-based Depop, which operates an online fashion marketplace for ‘Generation Z’, has raised $62 million in a Series C round led by General Atlantic, a US-based investor. That ties into the startup’s ambitions, which is to accelerate its growth across the Atlantic, where it boasts stores in NYC and Los Angeles. In fact, Depop says […]