WebMar 30, 2024 · Otrium, an online outlet store for fashion brands, said on Wednesday it had raised $120 million from investors as it launches in the United States and develops its platform for trading items left ... WebMar 31, 2024 · Otrium is currently available in Europe. Otrium has raised a $120 million round just a year after raising its $26 million Series B round. BOND and returning investor Index Ventures are leading the round. ... and will be less reliant on new seasonal launches,” co-founder and CEO Milan Daniels said in a statement.
Winner of Fastest-Growing Technology Company - Otrium
WebMay 29, 2024 · Unsold inventory has been a major concern for apparel retailers throughout the COVID-19 pandemic, but one company hopes a new infusion of funding can help it tackle the problem head on.. Otrium, an online fashion marketplace that sells end-of-season collections from retail brands that would otherwise go unsold, has raised 24 million euro … WebMar 31, 2024 · LONDON — Amsterdam-based Otrium, an online marketplace for end-of-season fashion, has raised $120 million in a Series C funding round, having tripled its revenues in 2024 and drawn an array of ... target of jealousy
Otrium Launches Its Premier Fashion Marketplace in the US to …
Web♻️ Otrium is on a mission to make sure all clothing produced is worn. We believe in #WearOverWaste. 🌎 We empower fashion brands to ensure all their clothing is … WebMar 22, 2024 · 22 MARCH 2024. Otrium, the premier online outlet shopping experience, has appointed Andrew Robb, formerly Chief Operating Officer at Farfetch, to its board in the role of Non-Executive Director. Having scaled Farfetch during his 10 years as COO, Robb will bring his expertise to bear in scaling Otrium into a global ecommerce leader. Otrium is a ... WebFounded in 2015, Amsterdam-based Otrium believes all clothing should be worn. Their purpose is to target excess inventory, a major sustainability issue in the fashion industry. “One in 10 pieces of clothing manufactured goes unsold, gets sent to warehouses, and eventually ends up in landfills,” explains Leander Sikma, Otrium CTO. target of investment