Scarosso, the online shoe brand, has raised series A funding from a syndicate of investors led by DN Capital. DN Capital was joined in the round by IBB Venture Capital Company managed Kreativwirtschaft Berlin, Perikles Ventures and other local angel investors.
The financing will support the launch of new collections, in particular a new women’s collection designed by Marco Censi and Guillaume Hinfray. It will also allow Scarosso to accelerate the development of its retail operations. After the launch of Scarosso’s first store in Hamburg, the company is planning a further opening in Berlin in coming months.
Scarosso was founded in 2010 by Moritz Offeney and Marco Reiter. The business attracted angel funding from Berlin Ventures, Martin Sinner (Idealo GmbH) and Michael Brehm (studiVZ).
Moritz Offeney, chief executive of Scarosso, says: “The capital we raised gives us a great base to grow our business. It will allow us to expand our product portfolio to include new lines and a new women’s collection. It will allow us to expand our retail operations and international distribution and introduce many more customers to the Scarosso brand. We are delighted to be working with such a strong international partner as DN Capital and are already benefitting from their deep ecommerce experience and network.”
Tom Bradley, partner at DN Capital, says: “I am delighted to be working with the Scarosso team. They have a great product, a great opportunity and a fantastic instinct for the detail required to succeed in their markets. DN Capital has made several successful investments in Germany in recent years and Scarosso shares the same DNA as some of our other success stories. We hope they will come to dominate their market like our other companies such as MisterSpex and Windeln have done.”
