After tripling its revenue in 2020, Amsterdambased fashion startup Otrium raises €
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Today Otrium, the end-to-end marketplace for end-of-season fashion, has announced an approx. € 102.3 million Series C funding round, its US launch and the introduction of new capabilities aimed at reducing unsold fashion in the future. Otrium has also revealed that revenues have tripled in 2020, its registered members surpassed 3 million, and it now has over 300 fashion stores on its app.
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Amsterdam's Otrium snags €24 million to expand fashion marketplace that sells excess inventory
Amsterdam-based Otrium has raised $120 million in a fresh round of funding co-led by BOND and Index Ventures, and saw follow-on investment from Eight Roads Ventures.. The series C round is expected to propel Otrium's entry to the US market, ramp up additional unsold fashion capabilities, and recruit new staff.
Online Fashion Outlet Otrium Raises 120 Million Ahead of US Launch BoF
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Amsterdam-based fashion e-commerce startup Otrium has raised $120M (approx €102.27M) in a Series C round of funding. In addition, the company has also announced its launch in the US and aims at reducing unsold fashion in the future. Investors and the use of new funds
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After tripling its revenue in 2020, Amsterdambased fashion startup Otrium raises €
Amsterdam, March 31, 2021 - Otrium, the end-to-end marketplace for end-of-season fashion, has announced $120 million Series C funding, its US launch and the introduction of new capabilities aimed at reducing unsold fashion in the future.Otrium has also revealed that revenues have tripled in 2020, Otrium's registered members surpassed 3 million, and it now has over 300 fashion stores on its app.