Scarosso, a startup for high-end, handmade Italian shoes raised a round of $11Million. The investors are NEO Investment Partners, DN Capital, and IBB’s VC fond Kreativwirtschaft Berlin.
In 2013, Berlin-based Scarosso states it grew around 300% and continued its success in 2014. In addition, the founders Moritz Offeney and Marco Reiter hired former Gucci Group CEO Robert Polet and partnered with the internationally known model Johannes Hübl.
Scarossa was originally founded in Milan, Italy to offer high quality shoes and accessories at less expensive prices as it gets rid of the middleman and sells the products right to the customer.
By now the company’s headquarters and a team of 60 people are located in Berlin Mitte and sells its products worldwide through its online store as well as in stores in Berlin, Frankfurt and Vienna.
The investment will be used to expand the current business.