Dutch e-commerce platform raises €4.5 million

According 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.