The Brubaker launches its second fundraising round in 16 months
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The Spanish online brand of men's fashion returns to the market seeking to capture the interest 'and financing' of small and medium investors.
The company, founded in 2013 by Manuel de Timoteo (Cash Converters) and Antonio Robert (Tuenti), successfully closed its first round of financing in 2016, securing 200,000 euros.
Sixteen months later, The Brubaker will again use the same fundraising platform, Startupxplore, looking for investors willing to contribute a minimum of 1,000 euros each. Some prior investors the Spanish model Andrés Velencoso and Vincent Rosso (Blablacar).
According to data collected by PRWeb, since last year, The Brubaker has tripled its average monthly turnover, started its entry into the international market (UK, France and Germany) and increased product margin from 38 percent to 55 percent.