Q1 sales soared 200%, Atterley platform received another £3 million in financing

Foreign media reported that Atterley, an online marketplace for independent fashion brands , recently completed a £3 million round of financing with Maven Capital Partners and announced that its first-quarter sales jumped 200 %.

The investment will enable Atterley to execute its planned growth strategy, enabling independent fashion boutiques and brands to expand their reach and sell to customers in the UK and beyond, with a focus on developing its international business, particularly its US market .

Atterley attributed the first quarter sales boom to strong demand and new geographic markets , as consumers are still shopping at home due to the pandemic , which gives Atterley great opportunities.

Atterley has grown rapidly during the pandemic . It now has 250 independent retailers from the UK, Europe and the US, with about 3,000 brands. It ships men's and women's clothing to 94 countries .

The Atterley platform was founded in 2016 by entrepreneur Mike Welch . Existing investors include former Tesco CEO Sir Terry Leahy and former Blackcircles.com chairman Graeme Bissett , a pioneering tire e-commerce marketplace also founded by Welch.

Atterley places its boutique partners at the heart of its business . In doing so, it is able to offer consumers a wide variety of premium, emerging and undiscovered brands , carefully curated by some of the world’s most talented fashion houses .

This financing is a strategic agreement between Atterley and Maven . The founder of Atterley said: " This investment is a game changer for us and truly lays the foundation for our next big growth phase. I am very happy to work with Maven, we will be able to accelerate growth and take advantage of this huge market opportunity."

David Milroy, Partner at Maven, added: “The retail industry is undergoing unprecedented change, creating huge opportunities for the online fashion market and we are delighted to be backing one of the most exciting brands, Atterley. We very much look forward to working with the team at Atterley, which is modelling itself after Blackcircles, the UK’s first successful e-commerce marketplace .”

Atterley

Fashion Platform

Q1 Sales