NEWS & VIEWS

Global private equity and venture capital news and research

Active Venture Partners invests in ‘nearly new’ online clothing company Percentil

1 Jul 2014

PercentilActive Venture Partners has led a €1m Series A financing round for online pre-owned children’s clothing shop Percentil.

The company aims to help families save money by picking up “nearly-new” clothing from families before selling them online.

The Spain-based business has since expanded to cover Germany and France, and said it planned to consolidate its European expansion with the latest funding.

Active Ventures founding partner Ricard Söderberg said, “Percentil’s management team has mastered a complex business model, built high barriers to entry and is delivering superior customer service.

“The experience of doing this and achieving these milestones puts Percentil in a strong position to scale the business for international expansion.”

Percentil estimates families have saved €10m to date buying clothing through its site as well as earning €500,000 selling nearly-new clothes.

Copyright © 2014 AltAssets

FUNDRAISING & INVESTOR RELATIONS


Legals & Terms of UsePrivacy Policy


AltAssets is registered as a trademark of Investor Networks Limited (06695690).
Registered Office: Zetland House, 5-25 Scrutton St, London EC2A 4HJ
Content is © AltAssets 2000-2015