ClearAngel invests $10k in Turkish fashion platform Maison Orient

25 Oct '21

2 min read

Pic: Maison Orient

Clearco, the world’s largest e-commerce investor revolutionising the way founders grow their businesses, has announced that its industry-leading ClearAngel programme is funding Maison Orient, a curated e-commerce platform for fashion designers, brands and artists based in the Middle East and North Africa, formerly known as the ‘Orient’ region of the world.

ClearAngel gives early-stage companies access to revenue share capital, data-driven advice, and an extensive network of apps, agencies, and investors powered by Clearco, the company said in a press release.

“We’re elated to fund Maison Orient in its mission to share the beautiful artistry of designers and brands of the Middle East and beyond with the Western market,” said Andrew D’Souza, CEO and co-founder, Clearco. “For Maison Orient, this ClearAngel investment exemplifies our mission to advance the causes of deserving early-stage founders with diverse backgrounds.”

ClearAngel is among just a few equity-free, flexible capital options for early-stage founders who lack the network to raise an angel round or join exclusive accelerators. Since its February 2021 launch, the programme has already funded over 350 companies. In addition to $10,000 of flexible capital, Maison Orient will also get access to a network of more than 500 investors, growth teams, agencies, apps, lawyers, and buyers; and data-driven advice designed to help scale and hit new revenue milestones. With this support, Maison Orient aims to expand their brand roster to 120 brands spanning 20 countries, and expand their offerings to 5,000 unique products in categories including fashion, footwear, accessories, home decor and beauty. Arel Kulahcioglu also plans to expand product categories to include men’s apparel and children’s apparel.

“Clearco will afford us the ability to expand the number of brands, artists and designers from the Middle East region that are featured on the website, as well as diversifying our product categories,” said Ayse Arel Kulahcioglu, founder, Maison Orient. “Fashions of the eastern world don’t even enter into the consciousness of the global consumer. The existing market is saturated by well-established Western brands, but there are many unique stories and social awareness causes that our designers bring and represent, and I want to share them with the masses.”

Fibre2Fashion News Desk (RR)

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