Germany, MyBrands Completes First Financing Round

Start up MyBrands GmbH, the operator of the online designer outlet, completed its first financing round led by Grey Corporate Investments AG, IBB Beteiligungsgesellschaft and two business angels.
The funds will be used to expand myBrands domestically and internationally.
The designer outlet offers its customers the possibility to buy fashion brands up to 70% cheaper. Funded early in 2009, Berlin-based MyBrands has developed quickly into a fast growing company and now employs more than 20 employees.

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