Otrium raises $120 million for its end-of-season style marketplace

Otrium raises $120 million for its end-of-season style marketplace

Otrium has actually raised a $ 120 million round simply a year after raising its $ 26 million Series B round. BOND and returning investor Index Ventures are leading the round. Existing financier 8 Roadways Ventures is also taking part. The principle behind Otrium is rather simple. When products reach the end-of-season status, brand names can note those products on […] When products reach the end-of-season status, brand names can note those products on Otrium and keep offering them. With Otrium, brand names can add another sales channel for those particular items. And because some brand names are unwilling about selling out-of-date products, Otrium attempts to be as friendly as possible with style companies. Otrium would end up offering items that remain appropriate for a longer time.

Otrium raises $26 million to offer end-of-season style items

Otrium raises $26 million to offer end-of-season style items

Otrium has actually raised a $26 million Series B funding round (EUR24 million), with Eight Roads Ventures leading the round. Existing financiers Index Ventures and Hans Veldhuizen also took part. When they reach the end-of-season status, otrium works with clothes brand names to assist them sell items. Due to quick style, you have to frequently clear some area […] Otrium wants to add another sales channel for those particular products– and it’s an online one, which ought to assist when it comes to rack space. That’s why Otrium has actually created a market and tries to be as friendly as possible with style brand names. …