Future Closets AB
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Future Closets AB - overview
Established
2019
Location
Stockholm, -, Sweden
Primary Industry
Consumer Services
About
Based in Sweden, and founded in 2019, Future Closets AB trading as Hack your closet offers a platform for stores and brands to sell their used and returned clothing, products and accessories. In January 2021, Future Closets AB raised SEK 20 million in venture funding led by new investor Pale Blue Dot, with participation from returning investors J12 Ventures and Luminar Ventures. As of December 2022, the company is led by its CEO Lisa Gautier. Future Closets AB offers a rental and personal shopping platform on a subscription basis or second-hand clothes.
The platform act as an intermediary between the stores and their customers as well as manages the transactions. The company plans to use the venture funding to support expansion outside of Sweden.
Current Investors
DHS Venture Partners, J12 Ventures, The Nordic Web
Primary Industry
Consumer Services
Sub Industries
Clothing, Clothing Stores, Recreational Product Stores, Recycling
Website
www.hackyourcloset.com
Verticals
E-commerce
Company Stage
Early Stage
Total Amount Raised
Subscriber access only
Future Closets AB - timeline of key events
Future Closets AB - financials
| Fiscal Year Ended | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 |
|---|---|---|---|---|---|
| Revenue (USD) | 573 | 16,531 | - | - | - |
| % Revenue Growth (YoY) | - | 2785.0% | - | - | - |
| EBITDA (USD) | (114,019) | (186,782) | - | - | - |
| Operating Income (USD) | (141,737) | (270,360) | - | - | - |
| Operating Margin | (24736.0%) | (1635.5%) | - | - | - |
| % EBITDA Margin | (19898.6%) | (1129.9%) | - | - | - |
| NET Income (USD) | (141,792) | (292,139) | - | - | - |
| % Net Margin | (24745.5%) | (1767.2%) | - | - | - |
Future Closets AB - employee data
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