Percentil.com, a Madrid, Spain-based second hand fashion consignment store, raised €3.2M in Series A funding.
The company intends to use the funds to consolidate its European expansion and grow its recently launched Women’s Fashion vertical.
Founded in 2012 by Luis Ongil, Lourdes Ferrer and Daniel Bezares, Percentil connects consumers with people who want to sell their pre-loved children and ladies garments. Garments are received every day from sellers across Europe; each item is quality assured and then uploaded for sale on its online destination at an up to 85% discount compared to the price at the original store.
Shopping at Percentil.com, families have saved €15M buying clothing and earned more than €1M selling clothes to date.
The company currently operates in Spain, France and Germany via a team of 60 professionals. In Germany, Percentil acquired Kirondo.de a few months ago in order to operate a fulfillment center in Berlin with a 25 member team, 35,000 items in stock and thousands of sellers and shoppers in Germany and Austria, which add to its current 40 member team in its hub in Madrid, Spain, with further 100,000 items for sale in French and Spanish markets.