Lookk gets 500K sterling pound investment

Source: TechCrunch, Aug 2011

Lookk lets new fashion designers upload designs – these are then voted on by consumers. The winning designs are produced by Lookk own in-house operation with Lookk responsible for the the manufacturing, distribution and disbursement of the pieces, including all associated costs.

(a co-founder’s comment)

Andreas Klinger · Co-Founder at Lookk.com

We are licensing the designs for rates that are at industry standard (if not higher).  We cover all risks and costs – from production to returns.
The license is 5% of the full retail price, this equals 12-14% on a typical wholesale price. But without the typical agreed extra costs for designers (usually marketing costs etc are also covered by that)
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