Online Fashion Platform Otrium Raises €600K in Seed Funding
Summary
Otrium, an Amsterdam, The Netherlands-based online fashion platform, raised €600k in seed funding.The round was led by Keadyn.The company, which had already raised €200k earlier this year, will use the funds to expand their reach in the country and abroad.Co-founded by Milan Daniels and Max Klijnstra, Otrium provides a platform that gives fashion lovers the opportunity to access to deals from designer brands which need to sell their excess stock.According to a written note, the marketplace is growing with a month-over-month growth of over 10.000 members and new brands are signing up to the platform every week.
Funding
Amount
$678.8K
Total raised
Date
June 21, 2016
Announcement date
Investors
Keadyn
Lead investors
Company
https://www.otrium.nl/
Funded company
Classifications
industries
Apparel & Fashion
applications
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