Freshlabels has raised investment in the amount of 300 000 EUR for future development of the brand.
Freshlabels
is a Czech retailer in the sector of sustainable fashion. They have raised
investment in the amount of 300 000 EUR for future development of the
brand. This huge success was accomplished thanks to the Crowdberry platform –
platform for private investors that allows them to invest directly into
specific companies or projects. The raised funds were spent on increasing
inventories. The increased inventories lead to year on year increase by 30 %
and net turnover increased by 52 %.
Apart from success in Czech Republic, Freshlabels experiences a massive boom abroad as well. The online form of sales reached an increase by 115 % in Germany and 90 % in Netherlands. However, there is a second round of investments awaiting now in the amount of 500 000 EUR. This money will be used for bank loan payments and further expansion.
In their retail activities they cooperate with brands such as Patagonia, Birkenstock and Fjällräven. They make sure to carefully source their products and provide clients with fashionable yet sustainable choices.