Dutch e-commerce platform raises €4.5 million
by Lisha S. Finance & BusinessAccording to a recent post on PaySpace
Magazine, Moteefe, a
Dutch eCommerce platform, has raised 4.5 million euros in the Series A round
that was led by Gresham House and Force Over Mass Capital. The funds will be
used for further expansion of the company’s presence.
The Dutch platform enables influencers and retailers to create custom
and personalized merchandise, and sell them around the world. The Dutch company
covers printing, sales, payments processing, customer service, and fulfillment,
charging a commission for every sale.
The platform for on-demand production of merchandise aims to use the
money for further expansion worldwide. What is more, it plans to launch new
products for large retailers and scale its operations.
Moteefee is a platform founded in 2015, and it currently has 2,500
micro-retailers and entrepreneurs. In
2019, Moteefe was the UK’s fastest-growing e-commerce company with revenue
growth of over 9,000 percent between 2015 and 2018.
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Created on Feb 10th 2020 23:14. Viewed 399 times.