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Overview
Otrium runs a managed online marketplace that helps brands move end-of-season fashion by setting up their own online outlet stores. Brands keep control over pricing and merchandising while Otrium handles storage, marketing, and sales, turning unsold inventory into revenue. The platform sells items to consumers with discounts up to 75%, earning commissions on each sale and monetizing premium features for early access. With operations across Europe and partnerships with over 400 brands, Otrium aims to reduce clothing waste and become the trusted outlet solution for brands seeking a scalable, brand-controlled channel.
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Funding
Notable Investors:
Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Industry standards
Ind Avg. $50M
$16M
$40M
$50M
$62M
$100M
$120M