Tag: 120m series

Otrium, an Amsterdam-based online fashion outlet, has announced that it has raised $120 million in its latest funding round. The Series C funding was led by private equity firm, BOND, and brings the total amount raised by the company to over $150 million. Otrium plans to use the funding to expand its presence in Europe and beyond, as well as to enhance its technology and operations. What is Otrium? Otrium is an online fashion outlet that partners with premium fashion brands to sell their surplus inventory. The company was founded in 2016 by Max Klijnstra and Milan Daniels, who both have extensive experience in the fashion industry. Otrium's mission is to create a sustainable solution for fashion brands to sell their surplus inventory, while also providing consumers with access to high-qu...