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 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 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 […]
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 […]
London-based fashion software company Unmade has scored £4.75 million in seed funding in a round led by Octopus Ventures and joined by MMC Ventures, Felix Capital and prior backers. Unmade previously raised $4 million in August 2018. Unmade was founded by Hal Watts, Kirsty Emery and Ben Alun-Jones in 2014 in an effort to completely […]
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 […]
Israeli company Syte.ai, which has developed an AI visual search platform for fashion items, has raised $8 million in Series A financing. The round was led by NHN Ventures, with participation from Naver Corp., Line Corp., Magma VC, Remagine VC, KDC Ventures and NBM Ventures.