Fashion e-retailer Boozt raises €26 million

BZT Fashion, the company behind Nordic fashion ecommerce store Boozt announces it has raised DKK 200 million (€26 million) from investors Sampension, Friheden Invest and a group of current shareholders including Sunstone Capital and Verdane.

The fashion portal seems to be growing strongly with an annual revenue growth of around 70% since 2011, hoping to hit SEK 1 Billion (€106 million this year). The company is located in the Oresund region with Danish management, approximately 140 employees at its headquarters in Malmö and approximately 100 employees at the warehouse in Ängelholm.

​We have been following closely how the company has grown from a one-digit million revenue business to a billion revenue business. The great interest for in relation to the capital increase confirms that a strong and valuable company has been created

The investment points to the strength of e-commerce in the Oresund region. On a more startup scale, the region recently got its own coworking space (complete with warehouse) and incubator dedicated to ecommerce.