SPOT-A-SHOP closes a EUR 1M euro funding to boost growth of its discounted fashion web operation.

Finland Investments 05 October 2017
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SPOT-A-SHOP, a Helsinki, FInland-based company managing an ecommerce operation with discounted fashion products, closed an EUR 1M ($1.2M) investment round.

The backers include Tekes and undisclosed private investors and the money will be used to furter expand the operations of the company.

SPOT-A-SHOP, founded in 2015 by Matias Hilario and CEO Jesse Jyläs, has had great success in Finland, Germany, France, Sweden and Poland and is featuring close to 200 online stores, 800 000 products and 3 500 brands. The company makes money from affiliate links, as it generates its revenue through the traffic it diverts to the sites of its customers. The shoppers themselves can compare all available shops and do refined searches amongst brands, shoe sizes, colours and the like.