• Otrium raises 120 million dollars

    17 days ago - By Fashion United

    Online fashion outlet store Otrium has raised 120 million dollars from investors as it rolls out its United States launch and builds out its platform for selling end of season inventory. The Amsterdam-based company saw revenues triple in 2020, and was one of the few fashion companies that saw growth during 2020 as the world reckoned with the COVID-19 pandemic.
    Otrium's registered members also totaled 3 million last year, and currently they have over 300 fashion store partners. Major brands include Aspics, Reiss, Belstaff, and Karl Lagerfeld.
    The Series C funding round was led by Bond and...
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