BOND and Index Ventures took the initiative in the most recent round of funding. BOND also supports Canva and Nextdoor. In fact, Juliet de Baubigny, a general partner at BOND, would join the Otrium board of directors. Eight Roads Ventures also continued to participate in the financing. Otrium will be capable of expanding faster in the US, make greater progress on its technological platform, and assist more people in finding employment due to the new capital.
Amsterdambased Otrium 120m Series C Funding began in 2016. To ensure that every article of clothing is worn, it works with the fashion industry. The business accomplishes this by assisting in the sale of each already-made item. Additionally, it provides brands with the resources they need to develop product lines that are sure to be successful. Fashion houses have complete control over the pricing, merchandising, and visibility of their excess stock when they sell their end-of-season collections on Otrium. Only 12% of all clothing produced is never sold.