What is Otrium?
Otrium operates as an online marketplace designed for end-of-season apparel, enabling brands to efficiently liquidate their unsold inventory at reduced price points. Founded in 2015 and headquartered in Amsterdam, Netherlands, Otrium addresses a critical need within the fashion industry for managing excess stock, thereby contributing to a more sustainable consumption model. The company's platform facilitates direct sales from brands, offering consumers access to discounted fashion items.
How much funding has Otrium raised?
Otrium has raised a total of $9.4M across 3 funding rounds:
Angel/Seed
$674K
Unspecified
$920K
Series A
$7.8M
Angel/Seed (2016): $674K with participation from Keadyn
Unspecified (2018): $920K, investors not publicly disclosed
Series A (2019): $7.8M supported by Index Ventures
Key Investors in Otrium
Index Ventures
Index Ventures is a venture capital firm that invests in entrepreneurs from seed to IPO, focusing on companies that challenge the status quo. They have a global presence with offices in San Francisco and London, backing a wide range of successful technology companies.
Keadyn
Keadyn is an investment entity that provides backing for companies, likely focusing on early-stage or growth-oriented ventures. Their participation suggests a strategic interest in Otrium's market potential.
What's next for Otrium?
With a substantial enterprise-level funding context and a recent major strategic investment, Otrium is well-positioned for accelerated scaling and market expansion. The capital raised is expected to fuel further development of its marketplace technology, enhance its brand partnerships, and potentially explore new geographic markets. This strategic backing suggests a strong belief in Otrium's business model and its capacity to capture a larger share of the fashion resale market, reinforcing its role as a key player in the circular economy for apparel.
See full Otrium company page
