Estonian Trind Ventres invests in SACLÀB, an online marketplace for designer bags
24 February, 2023, 10:58
Estonian Trind Ventures announced its participation in a €1.6 seed round for German SACLÀB, the online marketplace for luxury designer bags. The company says it seeks to tenfold it’s turnover with fresh funds.
- Headquartered in Munich, SACLÀB was founded in February 2018 by Alexandra and Jan-Oliver Stück. The company develops an online marketplace for buying and selling luxury handbags by Hermès, Chanel, Dior, and other designer brands.
- Since 2018, SACLÀB has established a client network in over 20 countries for buying and selling so-called “waitlist bags” and ranks as a top-tier address among collectors worldwide. In the summer of 2022, SACLÀB sold the most expensive handbag ever listed in Germany for €265,000, a rare Hermès Birkin 20 Faubourg Sous La Neige.
- In 2021, the first angel investors joined the company. This time, the funding came from Estonian seed-stage venture fund Trind Ventures, the portfolio of which already consists of such marketplaces as Webel, Xceed, Yaga. German G-Fund also participated in a seed round for SACLÀB.
- The proceeds will be used by the company primarily for marketing, HR, and tech infrastructure to expand these areas in a scalable way.
“We are planning our soft launch in the U.S. this year and creating an online storefront. Besides that, we have many UX/UI improvements coming up to make the selling and buying experience even more smooth and more fun,”says Alexandra Stück about the startup’s future plans.
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