UK E-Commerce Platform Moteefe Raises $11 Million By way of Sequence B Spherical Led By BGF

Moteefe, a UK-based e-commerce platform for on-demand manufacturing of merchandise, has reportedly secured $11 million by way of its Sequence B funding spherical, which was led by BGF. Based in 2014 and launched in 2016, Moteefe describes itself as a worldwide print-on-demand that allows entrepreneurs, manufacturers, and influencers to create and promote custom-made, personalised merchandise on-line.

“We’re a global enterprise with workplaces in London Victoria, Lisbon and remotely all the world over; we’re a fast-paced, hard-working bunch – however a number of enjoyable, too. Offering all of the heavy lifting and experience that can assist you create and market profitable merchandise, we make sure that nothing stands in the way in which of an amazing thought.”

In response to TechCrunch, Thus far, Moteefe notably has greater than 5,000 retailers. The corporate additionally shared with the media outlet:

“Retailers of all sizes have complete flexibility: they’ll use the Moteefe platform both as a totally built-in finish to finish service, or simply decide and select the components they want. And as Moteefe is white-labeled, the retailer owns the client relationship and might use the information to drive repeat gross sales.”

Mathijs Eefting, CEO of Moteefe, revealed extra particulars concerning the funding by including:

“This elevated demand enabled us to develop our crew and enhance our manufacturing throughput, benefiting our total community and creating high-quality jobs internationally. We’ve got moved past our authentic aim to assist anybody arrange a retailer and promote globally. We now are capable of help modern retailers of all sizes to reply to completely new e-commerce calls for and alternatives.”