HTGF backs seed round for Glamourrent

The German venture firm invested in the start-up alongside two business angels. The fresh funding will be used to enhance Glamourrent's technology and launch in the German market.

HTGF's investment in Glamourrent is the VC's fourth deal so far this month. Its most recent investment was the backing of m2p-labs, a German manufacturer of measuring solutions for the biotech sector, alongside Fidura Private Equity Fonds.

Company
Glamourrent is an online platform that allows customers to rent designer clothes and accessories. As clients only rent the items, Glamourrent is able to demand a fraction of the actual retail price.

The firm's business operations have not yet launched and are currently in the beta phase. Glamourrent aims to develop an app as well, which would allow customers to exchange rental and styling tips from their phones.

Glamourrent is based in Berlin and was founded in 2013.

People
Claudia von Boeselager and Anna Mangold are Glamourrent's co-founders. Marvin D Andrä is an investment manager at HTGF.

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• Topics
• DACH
• Consumer
• Early-stage
• Germany
• High-Tech Gründerfonds