Law firm Addisons has advised The Volte on its AU$4million Series A funding round, led by eBay Ventures and Better Labs.
Australian company, The Volte is a designer fashion rental marketplace connecting borrowers and lenders. The Volte allows all women to access designer fashion and look and feel a million dollars when out and about. It allows borrowers to access designer fashion at a fraction of the retail price and allows individuals to make money from their fashion ‘investment’ pieces.
The capital raised from the AU$4m Series A funding round will be used to grow the existing team and expand the company’s technology capabilities. The Series A round follows a seed funding round in 2018.
The Addisons team advising The Volte was led by Partner Li-Jean Chew.
Partner Li-Jean Chew said, “Congratulations to The Volte and Co-Founders Bernadette Olivier, Kym Atkins, Genevieve Hohnen and Jade Hirniak. This is an exciting milestone for The Volte. We look forward to seeing its partnership with eBay flourish, particularly as consumers look to more sustainable fashion.”
The Volte – Source: Supplied