MMC backs e-trader

Early-stage UK VC MMC Ventures has made a £1.2m investment in e-trader group, an online platform for retailers and manufacturers seeking to sell bulk overstock and clearance to both trade and consumer markets.

The money has been used to acquire, a fashion clearance business.

Ben Richardson, investment director for MMC, said: “MMC saw the opportunity to back a proven entrepreneur and help him develop a business with a new proposition in a large and fragmented market. The management team has impressed us with their progress and we are pleased to support them in their next phase of growth, including their acquisition of”