Occa-Home, the furniture and homewares company, has received money from the investors who backed online fashion company ASOS.
The company is now planning ambitious growth and international expansion, having received investment and managerial support from The William Currie Group.
The undisclosed rolling investment also means that Bill Currie and his business partner Iain McDonald will join Occa’s board, in order to plan its next stage of development.
“We are delighted to welcome Bill Currie and Iain to the existing board,” said Kate Mooney, founder and chief executive officer of Occa-Home.
“As early stage investors in companies like ASOS and The Hut, they have such a wealth of experience not only in retail, but in investing and working with many highly successful e-commerce companies.
“We really look forward to the results of adding that to the mix of our product knowledge and sector expertise.”
Since starting three years ago, Occa-Home has doubled its turnover each year and revenues have increased by 180% in the past 12 months, Mooney says.
The new cash will be used to expand its digital marketing and web development activities, increase the number of brands it works with and improve the user experience, she added.
Bill Currie said he believed Occa’s management team had laid the groundwork for rapid growth.
“The team at Occa have built a fantastic website and excellent distribution network making them one of the leading independent retailers in this sector,” Currie said.
“They have the right foundations in place for a great e-commerce business and we are looking forward to working with them to achieve that.”
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