Future Closets secured SEK 4.2M in seed capital.

Denmark Sweden Investments 31 March 2020
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Future Closets, a Stockholm, Sweden-based startup providing a subscription based service for fashion items, secured SEK 4.2M ($410k) in capital investment.

The funding was provided by a range of early stage investors from Sweden, angels and institutionals, including J12, DHS, Susanna Campbell and Johan Siwers.

Future Closets, founded in 2019 by Lisa Gautier (formerly at TPH) and Mikaela Larsell Ayesa, developed a service for providing a customized number of pieces of clothing on monthly basis. The service is available for SEK 279 ($28). According to the Swedish media, the service generates SEK 100k ($9.9k) MRR.