Solendro gets €3m boost, will speed up expansion
Men’s underwear e-tailer Solendro has announced a new €3m cash boost from a consortium of investors including the Belgian internet fund Attitude, existing backer Breega capital and several other investors.
The company, which was founded by Jules Delmas and Matthieu Géhin, will use the new cash to accelerate its growth plans after seeing its business growing threefold in 2016 alone.
Solendro launched in 2012 and has grown fast, launching in Britain last year and now selling more than 50 brands on its site, including Calvin Klein, CR7 and Björn Borg. It has more than 290,000 customers in France and expansion in its domestic market will be the key focus.
"We are now armed to take a new stage in our development and in particular to strengthen our visibility in France," said chairman Matthieu Géhin.
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