Percentil.com secures 1 million euro investment

Percentil.com, the online kids’ clothing consignment shop, has today announced a 1 million euro investment led

by Active Venture Partners, joining fellow investors Cabiedes & Partners and international Business Angels.

"Percentil’s management team has mastered a complex business model, built high barriers to entry and is delivering superior customer service. The experience of doing this and achieving these milestones puts Percentil in a strong position to scale the business for international expansion,” said Ricard Söderberg, founding partner of Active Venture Partners.

Commenting the just secured capital injection, Luis Ongil, co-founder and CEO of Percentil, said: "This investment will allow us to further revolutionize the way we buy clothes in Europe. Not only will it help us to strengthen our industry-leading position in Spain, and help us to grow in Germany and France where we have recently entered the market, but it also provides us with the opportunity to take our new line, Percentil Woman, to the next level.”

The Spanish fashion retailer is aimed to help families save money while buying and selling kids “pre-loved” clothing. It has built a convenient consignment shop that buys nearly-new kids clothing from families, applies strict quality controls and markets the high-quality garments online.

Founded in Spain, with operations in Spain, Germany and France, Percentil will use the investment to consolidate European expansion and extend its offer to incorporate womens’ clothing.

According to figures handled by Percentil.com, families who regularly use their web have saved up to ten million euro to date buying clothing and also earned 500,000 euro selling nearly-new clothes.