:quality(70)/cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/JG5ASK5UA5KHPKLFI6BH4PNXGQ.jpg)
Open for Vintage, a fashion website founded by two Irish entrepreneurs, has launched a funding round with the aim of achieving initial investment of £150,000 (€170,000).
The round is being led by Dan Kiely, who sold his Cork-based company Voxpro for €150 million earlier this year, and is being opened to the public through funding website Crowdcube.
Members of the public who invest will join executives from Apple, Burberry, H&M and Tesco who have backed the brand founded in 2016 by Colin Saunders and James Loftus.
First launched in the UK and Ireland, Open for Vintage is home to 65 boutique brands from 12 markets and said its decision to raise capital comes as it aims to "accelerate its growth plans".
:quality(70)/cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/OLFV4FX2LCNENQMBBK5TMLQE3A.jpg)
:quality(70)/cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/FOVSIRO54SPDEPCWEORXBIWQY4.jpg)
:quality(70)/cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/KRUDXBLHEKZ6MMHOSW7P4QYUZU.jpg)
:quality(70)/cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/IVUKKCWG5QWRIDXV2UCSY2WZJU.jpg)
“It is our mission to promote sustainable luxury and support independent retailers, Mr Saunders, the company’s chief executive, said. “We couldn’t think of a better way to engage people on this mission than to invite them to become shareholders in Open for Vintage.”
The crowdfunding campaign is open to the public from November 28th.
:quality(70)/s3.amazonaws.com/arc-authors/irishtimes/9bc8a699-d948-478d-b026-5aa3ac069fdd.png)
:quality(70)/cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/VR3765MFOBH2NMV2QNICYDF67M.png)