MMC Ventures has made a GBP1.2m equity investment in e-trader group.
e-trader specialises in the clearance and overstock sector by offering retailers and manufacturers access to both the trade and consumer markets via one single online platform.
MMC’s investment enabled e-trader to complete its acquisition of koodos.com which adds a designer brand fashion clearance channel to the group’s current business, stockshifters.com.
Ben Richardson, investment director for MMC, says: "MMC saw the opportunity to back a proven entrepreneur and help him develop a business with a new proposition in a large and fragmented market. The management team has impressed us with their progress and we are pleased to support them in their next phase of growth, including their acquisition of koodos.com."
