Amsterdam-based unsold fashion marketplace Otrium raises $120 million in series C funding, eyes US market entry

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Currently, around 12% of all clothing produced remains unsold. To put that in context, that’s roughly 230 million garments in Germany alone, population approximately 80 million. The goal of Otrium is to reduce this number; now counting 300 fashion stores within its app, 3 million registered members, and partnerships with major brands including Karl LagerfeldJosephAnine BingBelstaffReiss, and ASICS.

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