Otrium won the Rising Star award at the Deloitte Technology Fast 50 2019
Amsterdam, 15 October 2019 – Thursday night, Otrium received the Rising Star award. The Rising Star 2019 by Deloitte ranks the fastest-growing tech companies in The Netherlands, based on their level of innovation, growth potential and scalability.
The Rising Star is the award for the most promising young tech start-ups in the Netherlands and part of the Deloitte Technology Fast 50. Tech companies under the age of four automatically take part in the Rising Star category.
Thursday afternoon Milan Daniels (Co-founder of Otrium) and the other nominees pitched for an independent jury. The jury was evaluating several aspects, but mainly focusing on level of innovation, scalability, sustainability and growth potential. The jury expects the Rising Star to be able to do well in the Fast 50 ranking within a few years.
During the Awards ceremony at Casco in Amsterdam, Otrium received the Rising Star award. Milan Daniels: “I think that this is an amazing recognition for our marketplace that is enabling more and more fashion brands to get the most value out of their previous collections. I am proud of the amazing team that works extremely passionate to enable the hyper growth of Otrium. We are looking forward to continue our journey of giving every fashion item produced a chance.
Ivo Meij, Senior Manager at Deloitte: “I know Otrium since the start and I am very proud to see the company growing to a real scale-up. I expect that Otrium will rank very high in the Deloitte Technology Fast 50 next year and follow the footsteps of old rising stars Bynder and Sendcloud.
Founded in 2016, Otrium’s mission is to build the world’s leading online outlet, connecting previous collections with fashion-lovers. Founded in 2016, Otrium now has over 100 brand partnerships including up-and-coming designers and global names, such as G-Star, Puma, Vans, Pepe Jeans and Scotch & Soda.
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Tech-enabling designer brands to make sure every item they produce is worn
Lots of fashion stays unsold. For the resources that went in and for the people who miss out, it’s such a shame. We’re here to fix this, making sure all clothing is worn.
We tech-enable designer brands to find an owner for every item they produce. We give brands an online outlet channel and digital tools to smartly connect dynamically-priced end-of-season collections with fashion-lovers. Then we give them the data so they can reproduce most-wanted items.
Our app re-imagines outlet shopping helping customers easily find reduced-price gems. We give end-of-season fashion a new start, which is smarter for the wardrobe, smarter for the wallet and smarter for the industry.