Otrium is an online fashion marketplace that helps independent clothing brands sell end-of-season collections.
Otrium enables brands to turn their unsold inventory challenge into one of their biggest opportunities.
Otrium was founded in 2015 by Max Klijnstra and Milan Daniels. The company is headquartered in Amsterdam, North Holland, Netherlands.
Otrium increases the value of previous collections by finding the right match within our shopping community, dynamic pricing and managing fulfillment services. Through their managed marketplace, brands can open an online direct-to-consumer outlet store with full control over pricing, merchandising and visibility.
Otrium's website is currently live in the Netherlands, France and Germany. Two hundred brands have decided to partner with Otrium, such as Joseph, Reiss, G-Star, Asics, Puma, Vans, Pepe Jeans, Alexachung and Scotch & Soda. There are one million registered customers on Otrium.
Otrium is backed by Index Ventures, Eight Roads Ventures, Hans Veldhuizen and others. The company raised $26M (€24M) in Series B round on May 27, 2020. This brings Otrium's total funding €32.6M ($37.6M) to date.