Curated Shopping Group (CSG), a Berlin, Germany-based web retailer of stylist-assisted men’s fashion, raised €5m in equity funding.
Berlin-based investment company Auden is taking a 10.2% shareholding in the company. The ownership stake is being acquired against a direct capital investment of €4m in parallel with the conversion of a loan in the amount of €1m extended to CSG in November 2016.
The company will use the funds to boost growth and expansion.
Curated Shopping Group operates Modomoto, a fashion ecommerce site focused on men, which was established in 2011 and present in Germany, Austria and Switzerland, and The Cloakroom, an Amsterdam-based similar e-tailer present in the Netherlands, Denmark, Sweden and Belgium.
Both sites offers curated shopping combined with personalized, expert-assisted advice.
With a staff of over 250 and a dedicated logistics centre in Berlin, CSG offers a wide variety of men’s fashions, ranging from local designers to international brands.