The Next Closet is an Amsterdam-based online peer-to-peer marketplace for second-hand designer clothes and accessories, founded in 2013. The platform connects women's closets and vintage boutiques across the Benelux, enabling users to sell forgotten pieces and shop unique items. The company emphasizes a sustainable, local approach aimed at reducing the accumulation of new clothing by promoting resale. Management has been strengthened with the appointments of Peter Koning as COO and Suzanne Kats as CCO. The Next Closet raised capital to attract talent, strengthen its market position, accelerate growth, and build tools to help people make more sustainable choices. The Next Closet is an Amsterdam-based online marketplace for second-hand designer fashion items, founded by Thalita Van Ogtrop. It charges a standard 20% commission (sellers keep 80%) and offers an optional full-service where the company photographs, stores and ships items for a 40% commission (sellers keep 60%). The platform emphasizes safety with a review system, passport-based KYC checks, and buyer protection against counterfeit items. The company has expanded services to Belgium and is focused on becoming the largest high-end second-hand marketplace in the Benelux, with European expansion (France and Germany) on its radar. Financially, it reported rapid momentum—300% growth last year and quarter-over-quarter expansion—and has secured €2.5 million in funding. Management says the current funding is sufficient for near-term goals but additional capital will be required for broader European expansion.

Total raised

$6M

Funding rounds

2

Latest round

Equity

Latest activity

Mar 2024