The funding round was led by MadaLuxe Group and will be used to support team expansion and new technology launches.
"By now, the entire fashion industry is well aware that sustainability is both a societal and business imperative. We’re confident that our investment in Reflaunt will deliver a significant positive impact not only financially, but also culturally and socially."
Draper Esprit led the seed round with backing from Lakestar and Angel Capital Management to support platform growth and new features.
"We built AGORA to transform the online beauty shopping experience and create opportunities for real people to monetise their talent and creativity, something that has only been available to brand-sponsored social media influencers. AGORA will empower a new category of entrepreneur."
The company secured capital led by The FSE Group to scale its protective cycle wear business.
"It was a real pleasure to work with Chris and the team. Being a regular road cyclist myself, I could immediately see the appeal of ArmaUrto’s high-quality products that address a clear market gap. Road cycling is a ‘hot sector’ for investment and Cornwall is becoming known as a popular location for a number of top cycling brands. We’re excited to be supporting ArmaUrto’s high-calibre management team on their journey."
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."