Series A7 April 2101

Atterley raises £3m in Series A funding led by Maven to expand internationally

Maven Capital Partners led the Series A round with participation from Scottish Enterprise and existing backers.

£3.0MSeries A

Atterley operates an online fashion marketplace connecting independent boutiques and brands with buyers globally. The platform hosts thousands of brands and hundreds of independent retailers.

Atterley has secured £3m in Series A funding led by Maven Capital Partners, with additional participation from Scottish Enterprise and existing shareholders. The capital will be deployed to support international expansion, particularly in the United States, alongside talent acquisition in technology and supply chain operations.

The retailer reported significant year-on-year sales growth during the first quarter, driven by strong repeat purchases and shifting consumer habits during pandemic lockdowns. Founded by Mike Welch, the company works with over 250 independent boutiques and offers inventory from thousands of fashion brands.

From the founder

"This investment is a game changer for us and really sets us up for our next big phase of growth. We have always taken a test and learn approach to our investments in growth and that has not only kept us in control of our destiny as shareholders but has carried us through some of the most testing times for businesses that we have ever seen. I am excited that in partnership with Maven we will be able to accelerate our growth and capitalise on the massive market opportunity"

Mike Welch

Founder and Chairman at Atterley

Investor perspective

"The retail sector is going through unprecedented change creating huge opportunities for online fashion marketplaces and we are delighted to be supporting one of the most exciting, Atterley. We were drawn to the company’s ethos which places its boutique partners front and centre and in doing so it is able to offer consumers a vast range of premium, emerging, and undiscovered labels expertly curated by some of the worlds most talented fashion buyers. We are very much looking forward to working with the Atterley team as they work to emulate their success building and exiting one of the UK’s first e-commerce marketplaces, Blackcircles"