Ecommerce disruptor OPUMO targets £350k crowdfund

E-tail startup OPUMO is looking to raise a six-figure investment as it aims to disrupt the €262bn personal luxury goods market.

The Westminster-based company has embarked on a £350k campaign on crowdfunding site Crowdcube, where it has already generated more than £244k of its target.

Since launching in March 2017, the OPUMO platform has seen sales of £2.3m. The firm’s annual revenues hit £167k in September 2018, up 196% on the previous year’s figure.

OPUMO is on a mission to build a zero-inventory marketplace, driven by data, that enables brands to easily reach customers with the latest fashion, art, furniture, technology and more – a concept it calls the “digital department store of the future”.

The company’s online platform currently showcases a curated selection of more than 450 brands across multiple categories.

It also publishes a magazine delivering stories, experiences and views from creative minds in fields including art, architecture and fashion.

OPUMO was co-founded by entrepreneurs Nick Ayoub and Harry Beattie.