The used clothing app Tise doubled its revenues again – but lost 77 million.

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Rime has not responded to DN’s inquiries about the case on Wednesday morning.

The company has made major investments to enter the Nordic market. Last summer, Rime stated that the service had just under two million users, and this summer the figure is 2.5 million users.

Retrieved 200 million

It was recently announced that Tise raised NOK 200 million in a recent capital raising round. Barely a year since the Norwegian company raised NOK 90 million. At the turn of the year, Tise had NOK 125 million in equity.

In the new capital raising round, the existing investors Luxor Capital and VNV Global, together with three new investors, will join the ownership side. These are Bring Ventures, Ebay Ventures and the Norwegian state-owned investment company Nysnø.

Rime enlightened last week that the new money will be used to achieve profitability, and that they are now looking at the opportunity to grow beyond the Nordic region.

– With this money, we want to achieve profitability. The money will be used to further strengthen the team. At the same time, we are further strengthening our position in the Nordic markets, and will take an important step towards helping an even larger part of the population here to see the great benefits of buying used instead of new. We also look forward to seeing what opportunities there are for further growth beyond the Nordic region, said Rime.(Terms)Copyright Dagens Næringsliv AS and / or our suppliers. We would like you to share our cases using a link, which leads directly to our pages. Copying or other use of all or part of the content may only take place with written permission or as permitted by law. For additional terms se her.

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