20 million dollar investment for Outfittery

20 million dollar investment for Outfittery

A new investor, NorthZone, has invested 20 million dollars (18 million euro) in German personal shopping service Outfittery to strengthen its European position.

"Next evolution in eCommerce"

Northzone Capital has invested in technology companies ever since its inception. It has, for example, invested in online streaming service Spotify.

 

"Outfittery has a business model that will force the fashion branch to re-evaluate itself. We believe "curated shopping" to be the next evolution in eCommerce and Outfittery has managed exceptional growth ever since its foundation, thanks to its vision and business model. On top of that, we are very impressed by its entire team and the clear customer focus", Northzone's Hans Otterling said.

 

Several other investors, like Highland Capital Partners, Holtzbrinck Ventures and Mangrove Capital Partners, have also enlarged their stake in Outfittery. Currently, the company is active in 8 different European countries, like Germany, Belgium, the Netherlands and Luxembourg, with the intent to launch in several other countries.

Questions or comments? Please feel free to contact the editors


Alibaba exceeds expectations

17/08/2017

Chinese Alibaba has trumped analysts’ turnover and profit expectations with its first quarter results. Its profit even doubled compared to the year before.

Aldi will home deliver in the United States

16/08/2017

German discounter Aldi is starting one-hour deliveries for online orders in the United States, using startup Instacart. Amazon’s reaction was swift: it will test lockers in which custumers can collect items two minutes after ordering them.

Yoox-Net-a-Porter thrives thanks to mobile surge

03/08/2017

Online retailer Yoox-Net-a-Porter has managed to beat analysts’ expectations in the past fiscal year, thanks to a surge in mobile sales. For the first time ever, these sales contributed more than half of the retailer’s total turnover.

Lidl constructs new distribution center in Venlo

01/08/2017

Lidl will open a new distribution center in Venlo, which will cater its web shop’s customer base. The distribution center is not a Lidl Netherlands project, but apparently an international project.

Amazon places own pick-up lockers at consumers' homes

31/07/2017

Amazon announced The Hub, a system of pick-up lockers that can be placed everywhere. They come in different sizes and can be placed both inside or outside of buildings.

Amazon's profit takes enormous hit

28/07/2017

American Amazon’s profit plummeted in the second quarter and is also lower than what analysts had predicted, despite a 25 % turnover increase.

Back to top