
DN Capital leads series-A round for Scarosso
DN Capital, IBB, Perikles Ventures and local angel investors have provided German footwear business Scarosso with a series-A round of funding.
DN Capital led the round. Scarosso had already received seed funding in May last year from Berlin Ventures along with angel investors Martin Sinner and Michael Brehm.
The fresh capital will fund the launch of new collections, with a specific focus on womenswear. The company will also look to develop its retail operations: Scarosso recently opened its first store in Hamburg and is planning a further opening in Berlin in the coming months.
DN's German portfolio companies include baby products business windeln.de (with more than €10m invested to date) and online eyewear retailer Mister Spex.
Company
Established in 2011, Scarosso is an Italian fashion label that currently designs shoes and accessories from its manufacturing facilities in Montegranaro, Italy. The brand also allows customers to customise their shoes via its online platform Scarosso Studio.
Berlin-based Scarosso currently employs more than 30 people and opened its first shop in Hamburg in late 2012.
People
Tom Bradley led the deal for DN Capital. Moritz Offeney is CEO of Scarosso.
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