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OUTFITTERY secures USD 22 million of financing with aid of CMS

16/08/2016

Munich – Berlin-based online fashion firm OUTFITTERY has secured growth finance totalling USD 22 million in a funding round led by London and New York-based venture capital fund Octopus Ventures. A team from CMS in Germany headed by lead partner Stefan-Ulrich Müller advised OUTFITTERY on all legal aspects of the transaction. OUTFITTERY plans to use the new capital to expand its leading position in the European curated shopping market.

OUTFITTERY was founded in 2012 and is a pioneer in the German market for curated online shopping. It now has 300 employees. Alongside Germany, the company also operates in Austria, Switzerland, the Netherlands, Belgium, Luxembourg, Sweden and Denmark, with further markets due to follow. More than 400,000 customers already use OUTFITTERY.

In addition to Octopus Ventures, U-Start Club of Italy and existing investors Northzone Capital, Highland Capital Partners, Holtzbrinck Ventures and Mangrove Capital Partners also joined the round.

CMS Hasche Sigle

Stefan-Ulrich Müller, Lead Partner
Marcel Nurk, Associate
Johannes Steinacher, Associate, all Venture Capital
Stefan Lehr, Partner, Competition

Press Contact
presse@cms-hs.com

Press releases
Press Release OUTFITTERY, 16/08/2016

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