Drexcode, a Milan, Italy-based web-boutique to rent dresses and accessories from the latest collections, raised €1.03m.
Backers included LVenture Group, which has committed €200k (€80k now + €120k within July 2015, reaching certain agreed milestones), Innogest, LigurCapital, and some members of Italian Angels for Growth (IAG).
The company intends to use the funds to expand operations abroad.
Launched in 2014 by Federica Storace, CEO, and Valeria Cambrea, Drexcode is an online platform for renting luxury clothes. It has a catalog of dresses and accessories coming from the latest collections of well known Italian and foreign fashion brands. the marketplace allows users to select the size, the delivery date and book a dress for 4 days.