PlatformE secures £9.3m Series B investment to expand made-to-order technology.
The financial backing will accelerate technology development and expand offerings across the fashion and retail sectors.
PlatformE provides made-to-order technology for brands in the fashion, footwear and accessories sectors to manage inventory and reduce waste. Its end-to-end digital infrastructure supports customisation from initial concept through to manufacturing and ecommerce integration.
PlatformE has secured £9.3m in a Series B investment round. The capital will be used to accelerate technology development as the company expands its client base across the fashion and retail sectors. The funding supports the firm's mission to enable sustainable, made-to-order production at scale and curb industry overproduction.
From the founder
"We’re on a mission to boost profitability in fashion using MTO technology to purposefully capitalise on inventory through digital collections. We know that product digitalisation results in few or no physical products needing to be pre-created. And with our technology, brands can take advantage of their under-utilised intellectual property and their existing stock by enabling customisation and personalisation across physical stores and on e-commerce sites. Thanks to our solutions and services, brands will be able to reduce waste and meet their goal of becoming fully sustainable. More than 25 major brands have already launched successful projects with PlatformE because they trust in our proposition. And we’re showing no signs of slowing down."
Ben Demiri
CEO at PlatformE
Use of funds
- 01Continue product development
- 02Expand into international markets
Categories
About the company
PlatformE
PlatformE provides digital made-to-order technology for fashion and retail brands.