Amsterdam-based Otrium has raised $120 million in a fresh round of funding co-led by BOND and Index Ventures, and saw follow-on investment from Eight Roads Ventures.
The series C round is expected to propel Otrium’s entry to the US market, ramp up additional unsold fashion capabilities, and recruit new staff. As part of the deal, BOND general partner Juliet de Baubigny will join the board of directors at Otrium.
“The surge of online shopping triggered by the pandemic could grown online sales to up to 25% in the next few years,” said Liz Bacelar, retail tech analyst and host of podcast Innovators. “Most outlet stores are not connected to e-commerce and Otrium could be a catalyst for growth in this space.”
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