Outfittery raises $22 million
Four-year-old Berlin-based Outfittery has raised another $22 million, with leads to an overall investment of about $55 million and to a valuation of approx. $100 million. The startup offers a fashion service to men. After a short Q&A, stylists picking clothes in one’s style and size and mail them directly to your door. Men pick what they like and return everything else. With the investment come new investors: New York-based Octopus Ventures and U-Start Club, which is backed from several families from Italy and Switzerland. However, existing investors Northzone, Mangrove Capital, Highland Capital Partners and Holtzbrinck Ventures participated as well.
HeavenHR raises €6 million
Berlin-based cloud-based HR management platform HeavenHR announces a Series A round. €6 million come from Target Global and Open Ocean. The startup that focusses on small and medium size business is just 10 month all, but already available in Germany, Austria, France and Switzerland. The platform offers HR folks digital contracts, electronic personnel files, absences and time tracking. While all the mentioned services are for free, additional services such as payroll, benefits, pension and insurance management can be booked for fee.