Enterprise Ventures backs LabelSneak
Enterprise Ventures has backed online men's fashion retailer LabelSneak with a £525,000 investment.
The investment was made through The North West Fund for Venture Capital, which is jointly financed by the European Investment Bank and the European Regional Development Fund.
The company will use the funding to develop its web platform and boost its marketing.
Company
Founded in 2011 and based in Wirral, LabelSneak buys excess stock from men's fashion and sportswear brands, which it then sells online. The company targets men aged 18 to 36 and offers discounts of up to 80%.
LabelSneak currently has more than 50,000 registered users.
People
Will Clark is an investment director at Enterprise Ventures and worked on the transaction.
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