Stout acted as exclusive financial advisor to Mädchenflohmarkt, one of the largest online second-hand retailers in Germany, in a financing round led by Christian Wegner, the founder of leading European re-commerce platform Momox. Vorwerk Ventures and Catalpa also participated in the round.
The Stuttgart-based start-up, founded in 2012, offers approximately one-million items for sale via its online second-hand marketplace. On Mädchenflohmarkt, consumers can sell their pre-owned clothing directly to other fashionistas. For those who find this too time-consuming, one can use the company’s concierge service, which charges a fee for taking over processes such as placing and shipping the goods. Mädchenflohmarkt's team is currently comprised of 150 employees across Europe.