The fashion rental platform secured backing from Redrice Ventures and Closed Loop Partners to fund its international growth.
"By Rotation offers a beautiful solution for today’s fashion consumers that merges the best of social media, peer to peer commerce for a modernized rental & resale experience. The result is an elegant platform that reinspires shoppers to build communities around the products they love while keeping them in use longer. This is a great model for the future of commerce."
The seed round was led by PactVC with backing from prominent figures in the food delivery and real estate sectors.
"In a world where we take Ubers and watch Netflix, we’ve accepted cooking as the norm for too long. Building on the success of food delivery apps, we are introducing a step change in how we eat. We transform high-order-volume restaurants into delivery powerhouses by making it very easy for them to scale through our satellite kitchen network. With technology and data at their fingertips, our restaurant partners are becoming fully delivery optimised, providing a consistent, affordable experience to their customers, in a sustainable way and in an environment where employees actually want to come to work,"
The London based ecommerce rollup secured backing from high profile entrepreneurs including Glenn Elliott and Jonathan Quin.
"Several trends are converging in the eCommerce space. The category is growing, we are seeing an explosion of exciting sellers with innovative products who can compete with legacy brands by being more targeted, and they need help to scale. This is where The Mothership comes in. Our funding will allow us to support new acquisitions with team expansion and dynamic infrastructure. As we strengthen the marketing for these products we are creating the consumer brands of the future."
The funding round was co-led by Northzone and LocalGlobe to support team growth and product development.
"For too long, credit cards have taken advantage of consumers. Hidden fees, discriminatory credit scoring, and rewards that belong in the 1990s, all in the interest of bank’s quarterly earnings,"
