£7.9M
Purple Dot raises £7.9m in a Series A funding round led by OpenOcean to expand its pre-commerce platform.

OpenOcean led the Series A financing for Purple Dot to support platform development and market expansion.
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OpenOcean led the Series A financing for Purple Dot to support platform development and market expansion.

Connect Ventures led the seed round for the fashion fintech startup.
"When shopping online today, customers can either pay the retail price or walk away. When they do walk away, the item goes through the discounting process, becomes unprofitable for the merchant and is resigned to landfill. This binary system isn’t working for anyone – the customer loses out on the item, because it may go out of stock in their size before they attempt to purchase it again, and the merchant loses the sale. Purple Dot tackles this problem head on by providing a new way to shop, taking on unsustainable, unrelenting consumerism, poor pricing tactics and profit-crunching sales at the same time."
