Amsterdam-based fashion platform Otrium closed its second seed round of 600.000 euro, led by Dutch VC Keadyn. The startup is in the online sample and stock sales of renowned and upcoming brands.
For founders Max Klijnstra (25) and Milan Daniels (24) it is the second round of seed funding in a short time. Earlier this year Otrium raised 200.000 euro from Venture Fathers.
According to a release, the marketplace is growing consistently with a month-over-month growth of over 10.000 members and new brands are signing up to the platform every week. The investment allows the fashion startup to expand their reach and accelerate growth.
The founders aim for bringing in a total of 300 international brands within the next two years. Klijnstra and Daniels have a wish of expanding abroad as well.
“Fashion brands are now able to sell their excess stock directly to a vast community, whilst fashion lovers will be able to take advantage of attractive markdowns”, says Daniels.
Martijn Don, founding partner Keadyn: “Otrium is thé new contender in terms of online fashion stock sales. The team obtained unbelievable results in the course of barely 9 months.”