Outfittery scores €13m funding to help men dress better2014-02-17 0
Outfittery, the Berlin-based curated menswear service, today announced a €13m funding round led by US-based VC Highland Capital Partners. Existing investors Holtzbrinck Ventures, Mangrove Capital Partners, High-Tech Gründerfonds, RI Digital Ventures and IBB Beteiligungsgesellschaft’s VC fund, Kreativwirtschaft Berlin, also contributed to the round.
Launched in 2012 by cofounders Anna Alex and Julia Bösch (pictured above), Outfittery offers its male customers a styling and eCommerce service. Users first answer questions about their style and size and are then connected with a style expert. The expert puts together individual outfits and sends them to users in a box – customers only pay for the items they decide to keep. The Outfittery team claims that it has attracted 100,000 customers since launching two years ago.
The startup will use the latest funding round to boost its growth, secure its position in the market and to increase its selection of menswear. It will also work on an international expansion – at the moment available in Germany, Austria and Switzerland, the Outfittery team plans on entering more European markets this year.
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