The luxury resale platform raised £4.7m from dmg ventures, Hunt Investment Group, and Concurrence Capital to drive international expansion and recruitment.
"It is brilliant to receive further backing from such esteemed business leaders, most notably during what has been an incredibly tough year for certain sectors. This investment comes at a crucial stage of our journey. The valued support and investment from new and existing investors will allow us to continue our rapid expansion at a time when we are moving towards a more international model. It’s great to see business leaders investing in the luxury resale market, as we move to a more sustainable and conscious way of living, as well as supporting circular fashion which people are buying into increasingly."
The Series A round was led by Stride with participation from Hearst Ventures and existing backers.
"Not only has the global pandemic provided the catalyst for a mass shift into multi-channel commerce over the next five years, but there is a real D2C revolution happening. Thousands of young D2C businesses are bypassing conventional retail channels to engage directly with consumers."
"We are over the moon to have secured funding from some of the leading UK investors and entrepreneurs so that together we can now help even more parents."
The round was led by BGF with participation from Gresham House and Force Over Mass Capital.
"We were impressed with how Moteefe’s unique platform capabilities have allowed it to continue on its fast growth trajectory during the first part of 2020 despite the Covid 19 pandemic. This performance has underlined the demand in the market for their technology as the global retail landscape undergoes a massive transformation"
