Yaga has raised €4 million in a pre-Series A funding round led by Specialist VC, aimed at expanding its second-hand fashion marketplace into new regions and enhancing its operational capabilities.
Target Information
Yaga is an emerging online marketplace specializing in second-hand fashion, recently securing €4 million in a pre-Series A funding round led by Specialist VC. This round also included contributions from notable participants such as H&M Group, various angel investors, and members of the Estonian Venture Capital Association (EstVCA), including Trind Ventures and Startup Wise Guys.
The new funding elevates Yaga's total capital raised to €7.2 million, which the company aims to leverage for expansion into the Middle East and North Africa. Additionally, the funds will facilitate team growth and enhance operations in currently served markets. With a proven commitment to sustainability and affordability, Yaga is at the forefront of the evolving landscape of second-hand fashion.
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Industry Overview
The second-hand fashion industry has gained significant traction globally, becoming a lucrative market driven by consumer demand for sustainable and affordable clothing options. In recent years, particularly in Europe and North
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Specialist VC
invested in
Yaga
in
in a Pre-Seed Stage deal
Disclosed details
Transaction Size: $4M
Enterprise Value: $50M