Qlhype, a Milan, Italy-based provider of a platform offering clothes and garments, raises €700K in funding.
Bakers included KNTNR srl, Iacopo Chiarugi, Alessandro Monterosso and Nicola Fumagalli.
The company intends to use the funds to expand operations and development efforts, with plans to go abroad in 2025.
Founded in 2022 by a group of young entrepreneurs including Ignazio Moser, Cecilia Rodriguez, Simone Marini (CEO), Giulia Allievi and Maurizio Vaccai, Qlhype operates a platform that selects, quality and origin checks clothes and garments used by VIPs and celebrities, who return to live in the second hand market, with the aim of creating a virtuous circle of consumption.
The startup has already recorded a €1m turnover in its first year. Among short-term plans, there is also the transition from digital to physical. During the next summer, the company will open a store in Porto Cervo, Sardinia. In addition to it, the startup will also bring clothes and clothes to other temporary pop up stores, in Naples and in Milan, in May 2024. during Fall 2024, Qlhype will open stores in Milan and Rome.
FinSMEs
24/04/2024