Lookiero
Outfittery Group, a European online personal shopping company, has closed a €17
million funding round with participation from new investors including Ekarpen Private Equity and the Spanish Society for Technological Transformation (SETT),
alongside existing investors Acurio Ventures, Perwyn, Bonsai Partners, and 10x
Group. Of the total investment, €7.25 million was contributed by SETT, an
entity under Spain’s Minisattempt for Digital Transformation and the Civil Service.
Operating
across 12 markets, the group combines proprietary technology, including
advanced personalisation and recommconcludeation models, with the expertise of an
international team of personal shoppers to deliver tailored fashion services.
In
2025, the company built progress across several strategic areas, including
achieving a positive EBITDA at Lookiero and completing the integration of
Lookiero and Outfittery into a unified technological and logistical platform,
improving operational efficiency and enabling the development of new AI-driven
capabilities.
Lookiero
Outfittery Group CEO Oier Urrutia declared the milestone marks a new phase for the
company, with the completed technological and logistical integration enabling
more efficient operations and an improved customer experience across Europe.
With the new funding, the group will focus on
improving profitability through merger-related synergies while introducing
AI-driven features to enhance personalisation, demand forecasting, and supply
planning, and continuing to emphasise the role of its personal shoppers and
stylists.
Leave a Reply