HomeFundingMadrid-based Percentil secures €1 million in a Series A round

Madrid-based Percentil secures €1 million in a Series A round

Percentil, the online kids’ clothing consignment shop, has today announced a €1 million Series A investment led by Active Venture Partners.

Percentil’s mission is to help families save money while buying and selling kids ‘pre-loved’ clothing. The team has built a convenient consignment shop that buys ‘nearly-new’ kids clothing from families, applies strict quality controls and markets the high-quality garments on-line. Parents also benefit from the startup’s ‘fuss-free’ service because PERCENTIL takes cares of all operations from pick-up to delivery, including strict quality controls.

Founded in Spain back in 2012, with operations in Spain, Germany and France, Percentil will use the fresh capital to consolidate European expansion and extend its offer to incorporate womens’ clothing. Percentil aims to become the largest consignment fashion retailer in Europe. Currently the company has a team of 34 people and markets 60,000 garments in its online store, which have received more than 40,000 orders from 15,000 customers.

Luis Ongil, co-founder and CEO of PERCENTIL, stated: “This investment will allow us to further revolutionise the way we buy clothes in Europe. Not only will it help us to strengthen our industry-leading position in Spain, and help us to grow in Germany and France where we have recently entered the market, but it also provides us with the opportunity to take our new line, PERCENTIL Woman, to the next level.”

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Thomas Ohr
Thomas Ohr
Thomas Ohr is the "Editor in Chief" of EU-Startups.com and started the blog in October 2010. He is excited about Europe's future, passionate about new business ideas and lives in Barcelona (Spain).

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