The latest round brings Moteefe to about €11.4 million in total funding
According to Ecommerce News, Moteefe has raised €4.5 million in a Series A round. The platform for on-demand production of merchandise aims to use the money for further expansion worldwide. What is more, it plans to launch new products for large retailers and scale its operations.
Moteefe enables influencers and retailers to create custom and personalized merchandise and then sell them around the world. The Dutch company takes care of the printing, the store, the payment, the customer service, and the fulfillment, charging a commission for every sale.
Moteefe was founded in 2015 and welcomed over 2,500 micro-retailers and entrepreneurs on its platform. In 2019, Moteefe was the UK’s fastest-growing e-commerce company with revenue growth of over 9,000 percent between 2015 and 2018.