This is the Moteefe pitch deck to raise a $11m series-b round in 2020.
About
Moteefe is an e-commerce platform that allows anyone to sell customized merchandise through social media.
Moteefe provides a unique end-to-end e-commerce platform designed for merchants of all sizes – from individual entrepreneurs to larger retailers – to turn their brand and creative designs into globally available merchandise in minutes.
London-based ecommerce platform Moteefe has raised its second funding round of 2020 with an $11 million raise from BGF.
Moteefe allows people to design and sell custom merchandise, such as T-shirts, phone covers, and cushions, and push it out through social media. Unlike services like Redbubble or Teespring, Moteefe doesn’t act as a searchable marketplace, but more of an end-to-end solution for individual sellers.
Moteefe says it saw an increase in demand as retail moved online during the coronavirus pandemic and the company now boasts more than 5,000 retailers on its platform.
“We always knew we could present our solution to the market due to our on-demand platform, but Covid meant that it came sooner than expected,” Mathijs Eefting, CEO and co-founder of Moteefe, told Business Insider in an interview. “We grew 150% in the first half of the year while other retailers have struggled with their legacy supply chains.”
New investor BGF led the round with participation from existing investors Gresham House Ventures and Force Over Mass Capital following the startup’s $5 million Series A raise in February.
BGF (or the Business Growth Fund) is the most active investment firm for small and medium-sized firms in the UK, and was set up by banks such as Barclays, HSBC, Lloyds, and Standard Chartered in the wake of the 2008 financial crisis to support small businesses.
“We were impressed with how Moteefe’s unique platform capabilities have allowed it to continue on its fast growth trajectory during the first part of 2020 despite the COVID-19 pandemic,” said Daina Spedding, an investor at BGF.
“This performance has underlined the demand in the market for their technology as the global retail landscape undergoes a massive transformation.”
Funding Rounds
|
Announced Date
|
Transaction Name | Number of Investors | Money Raised | Lead Investors |
| Sep 3, 2020 | Series A – Moteefe | 3 | $11M |
Business Growth Fund
|
| Apr 18, 2020 | Series A – Moteefe | 1 | — | — |
| Feb 6, 2020 | Series A – Moteefe | 3 | $5M | — |
| Jul 10, 2019 | Seed Round – Moteefe | 1 | — | — |
| Dec 15, 2018 | Pre Seed Round – Moteefe | 1 | £150K | — |
| Nov 29, 2018 | Venture Round – Moteefe | 4 | — |
Unicorn Ascension Fund
|
| Sep 6, 2017 | Seed Round – Moteefe | 5 | £1.8M | — |
| Aug 3, 2017 | Series A – Moteefe | 1 | — | — |
| Apr 2, 2017 | Seed Round – Moteefe | 1 | — | Seedrs |
| Jan 10, 2017 | Seed Round – Moteefe | 4 | — |
Gresham House Ventures
|
Pitch Deck Review Summary
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Deck Collection
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