Amsterdam-based Otrium raises $120M in series c funding round, ahead of US launch

On Wednesday, online fashion brands outlet store Otrium said it had raised $120 million from investors. The development comes ahead of its U.S. launch.

Amsterdam-based Otrium said in 2020 its revenues had tripled and that its registered members topped 3 million, with more than 300 fashion stores on its app.

Its partners includes ASICS, Karl Lagerfeld, Belstaff, Joseph, Reiss and Anine Bing.

“Our goal is to get as close as possible to eradicating unsold seasonal inventory,” said Milan Daniels, CEO and Otrium’s co-founder.

Otrium went on to add, its Series C funding round was led by BOND and Index Ventures, with continued backing from existing investor such as Eight Roads Ventures.



Categories: Creativity, Economy & Finance, Entrepreneurship, HR & Organization, Strategy

Tags: , , , , , , , , , , , , , , , , , , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: