Outlet disruptor Otrium has raised € 7 million ( $ 7.8 m ) in a funding round led by Index Ventures , backer of Asos and Google . Index partner Danny Rimer joins the board . Otrium has a data - driven model for selling excess inventory delivering higher margins and giving brands more autonomy and flexibility . The platform enables them to have full control over price - fixing , merchandising and distribution while avoiding competition with their own new - season offerings . The pair have since been garnered recognition, including making the 2019 Forbes Magazine 30 under 30 list for the best entrepreneurs. Otrium has more than 100 brand partnerships . Victor Knapp founder of Mediamonks and Peter Gehring and Ludo ##vic , former CEO and CFO of Tommy Hilfiger Global were earlier partners .
Outlet disruptor Otrium has raised € 7 million ( $ 7.8 m ) in a funding round led by Index Ventures , backer of Asos and Google . Index partner Danny Rimer joins the board . Otrium has a data - driven model for selling excess inventory delivering higher margins and giving brands more autonomy and flexibility . The platform enables them to have full control over price - fixing , merchandising and distribution while avoiding competition with their own new - season offerings . Otrium has more than 100 brand partnerships . Victor Knapp founder of Mediamonks and Peter Gehring and Ludo ##vic , former CEO and CFO of Tommy Hilfiger Global were earlier partners .