Otrium Valuation, Funding & Investors
Otrium is valued at $900M as of March 2021.
Last Otrium valuation
$900M
Series C · Mar 2021
Last Otrium funding round
$120M
Series C · Mar 2021
Cumulative funding Otrium raised
$156M
across 6 funding rounds
Key investors in Otrium
Index Ventures
Eight Roads Ventures
Bond
Milano Investment Partners SGR
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Adriaan MolKeadyn
About Otrium
Otrium is an Amsterdam-headquartered online fashion retailer specializing in flash sales from luxury and designer brands. It partners with labels like Gucci, Jimmy Choo, and Stella McCartney to sell past-season inventory at discounts. The platform serves three million members across Europe with mobile app shopping and express delivery. Otrium uses data analytics to match stock with buyer preferences.
Founded
2015
HQ
AmsterdamWebsite
Status
Privately held
Customer focus
B2C
Revenue model
Product sales
Valuation
$900M (Mar 2021)
Otrium Valuation
Otrium is currently valued at $900M, based on its Series C in March 2021.
The $120M round was led by Bond and Index Ventures, with participation from Milano Investment Partners SGR, Boralis BV and Eight Roads Ventures.
Otrium valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Mar 2021 | Series C | $900M |
Otrium Funding History
Otrium has raised a total of $156M across 6 funding rounds.
Otrium's first fundraising round was a $200K angel round in October 2015. The most recent completed round was a $120M Series C in March 2021.
Otrium funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Mar 2021 | Series C | Bond (lead); Index Ventures (lead); Milano Investment Partners SGR; Boralis BV; Eight Roads Ventures | $120M | $900M | Otrium is an online fashion outlet marketplace and end-to-end platform for end-of-season unsold fashion, partnering with over 300 brands including Karl Lagerfeld, Joseph, Anine Bing, Belstaff, Reiss, and ASICS. Headquartered in Amsterdam, it operates across Europe (UK, France, Italy, Spain, Germany) and plans US expansion. On March 31, 2021, Otrium raised approximately $120 million (€102.3 million / £87 million) in a Series C funding round co-led by BOND and Index Ventures, with participation from Eight Roads Ventures and others like Boralis BV and Milano Investment Partners SGR. The funding supports acceleration of US market entry, development of Otrium's technology platform including advanced analytics for identifying evergreen products, and hiring initiatives. Juliet de Baubigny from BOND joined the board as part of the deal. This round follows a $26 million Series B in 2020 from Eight Roads Ventures, Index Ventures, and others. At the time of the Series C announcement, Otrium reported revenues tripled in 2020, registered members surpassed 3 million, and over 300 fashion stores on its app. The platform helps brands reduce unsold inventory by selling end-of-season items and building iconic portfolios, promoting sustainable practices in fashion. Post-funding, the company was valued at roughly £653 million. Otrium differentiates by aggregating multiple designer outlets into one app, contrasting traditional brand-specific end-of-season sales. Investors highlighted its potential in the apparel market for dynamic, affordable solutions amid shifting fashion trends toward fewer new items and more repeat sellers. |
| May 2020 | Series B | Eight Roads Ventures (lead); Index Ventures; Hans Veldhuizen | $27M | - | Otrium is an online fashion marketplace that enables global and independent clothing brands to sell end-of-season collections that would otherwise remain unsold, addressing excess inventory issues exacerbated by COVID-19. The company raised €24 million ($26 million) in a Series B funding round on May 27, 2020, led by Eight Roads Ventures, with participation from existing investors Index Ventures and Hans Veldhuizen. The funds were allocated toward international expansion, including the launch of its UK site, alongside operations in the Netherlands, France, and Germany. Since the onset of the COVID-19 pandemic, Otrium experienced a doubling of interest from brands and a 40% revenue growth in the month prior to the announcement. The platform helps brands manage excess inventory, estimated by McKinsey at €140-160 billion globally for spring/summer 2020 collections, by providing a channel for quick and safe delivery to consumers. CEO Milan Daniels highlighted the focus on onboarding more brands and generating revenue from unsold items. Ten months later, in March 2021, Otrium raised $120 million in a Series C round co-led by BOND and Index Ventures, with Eight Roads Ventures participating, valuing the company at roughly £653 million post-round. Revenues tripled in 2020, registered members exceeded 3 million, and the platform hosted over 300 fashion stores including Karl Lagerfeld, Joseph, Anine Bing, Belstaff, Reiss, and ASICS. The Series C funding supported US expansion, technology platform development, and hiring. |
| May 2019 | Series A | Index Ventures (lead) | $8M | - | Otrium is a Dutch online fashion outlet platform founded in 2016 by Milan Daniels and Max Klijnstra that helps fashion brands sell excess and end-of-season inventory. The platform provides brands with full control over pricing, merchandising, and visibility of their inventory while offering sophisticated e-commerce infrastructure with dynamic pricing engines and in-depth analytics to maximize revenue on each item. In May 2019, Otrium raised €7 million in Series A funding led by Index Ventures, with Index partner Danny Rimer joining the board. At the time of the round, the company had over 100 brand partnerships including G-Star, Puma, Vans, Pepe Jeans, and Scotch & Soda, with more than 600,000 subscribers on the platform and reported annual revenue growth of 400%. The company went on to raise €24 million in Series B funding in a subsequent round led by Eight Roads Ventures, expanding its platform to the UK and strengthening its presence across European markets. |
| Jan 2018 | Seed | Adriaan Mol; Fred Gehring; Ludo Onnink | $900K | - | - |
| Jun 2016 | Seed | Keadyn | $700K | - | - |
| Oct 2015 | Angel | - | $200K | - | - |
Who has invested in Otrium?
10 investors have backed Otrium across its funding rounds, including Index Ventures, Eight Roads Ventures, Bond, Milano Investment Partners SGR, Adriaan Mol and Keadyn.
Lead investors include Bond, Index Ventures and Eight Roads Ventures.
Otrium Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
 London | 3 | Lead | May 2019 | |
| London | 2 | Lead | May 2020 | |
 Milan | 1 | Participant | Mar 2021 | |
| Adriaan Mol | Amsterdam | 1 | Participant | Jan 2018 |
| Fred Gehring | -- | 1 | Participant | Jan 2018 |
| Ludo Onnink | -- | 1 | Participant | Jan 2018 |
| Rotterdam | 1 | Participant | Jun 2016 | |
| Amsterdam | 1 | Participant | Mar 2021 | |
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Start Free TrialOtrium Competitors
Otrium competitors include listed companies like ATRenew, Nextdoor and Bengo4.com, and private ones like Queenly, KREAM Corporation and Good Choice Company.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 San Francisco, CA | Private | - | - | $650M | - | |
 Gyeongju | Private | - | - | $920M | - | |
 China | Publicly listed | $3.1B | $84M | $873M | 0.2x | |
| United States | Publicly listed | $258M | ($69M) | $959M | 2.2x | |
| Seoul | Private | - | - | $972M | - | |
 Japan | Publicly listed | $105M | $19M | $812M | 6.9x |
Otrium Public Comps
Otrium is still privately-owned, but its public comps include Trainline, Reformation, Web Travel Group, UT Group, JINS Holdings, ATRenew, Dr. Martens, Bata India, Boozt and Truworths.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $608M | $221M | 1.9x | 1.9x | 5.3x | 4.8x | |||
| $507M | $43M | 2.5x | - | 29.5x | - | |||
| $280M | $86M | 2.7x | 2.6x | 8.8x | 7.0x | |||
| $1.1B | $82M | 0.7x | 0.7x | 9.4x | 9.2x | |||
| $625M | $95M | 1.4x | 1.2x | 9.2x | 7.9x | |||
| $3.1B | $84M | 0.2x | 0.2x | 8.2x | 6.6x | |||
| $1B | $167M | 1.1x | 1.1x | 6.9x | 5.9x | |||
| $366M | $71M | 2.6x | 2.5x | 13.3x | 12.2x | |||
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Common questions about Otrium
| When was Otrium founded? | Otrium was founded in 2015. |
| Where is Otrium headquartered? | Otrium is headquartered in Amsterdam, Netherlands. |
| Is Otrium publicly listed? | No, Otrium is a private, VC-backed company. |
| What is Otrium's valuation? | Otrium was last valued at $900M in its Series C in March 2021. |
| How much funding has Otrium raised? | Otrium has raised $156M across 6 funding rounds. |
| What was Otrium's last funding round? | Otrium's last funding round was a $120M Series C in March 2021, led by Bond and Index Ventures. |
| Who are Otrium's investors? | Otrium's investors include Index Ventures, Eight Roads Ventures, Milano Investment Partners SGR, Adriaan Mol, Fred Gehring, Ludo Onnink, Keadyn, Boralis BV, Hans Veldhuizen and Bond. |
| Which companies are comparable to Otrium? | Companies comparable to Otrium include Queenly, KREAM Corporation, ATRenew, Nextdoor, Good Choice Company and Bengo4.com. |
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