Scarosso, the online shoe retailer based in Berlin specializing in custom-made shoes made in Italy, has received a €8.5 million capital injection from Neo Investment Partners, DN Capital and VC Fonds Kreativwirtschaft Berlin. A regional investment bank in Berlin and other investors, including DN, had put nearly €2 million into Scarosso last year. Moritz Offeney and Marco Reiter, who founded the company in 2010 in the framework of a university project, want to expand the product range and work on the internationalization of the company. Germany remains the biggest market for the Berlin-based start-up, with 75 percent of total sales, and Scarosso plans to expand to the U.K., France and Northern Europe. Additionally, the currently pure online retailer plans to open five physical stores by mid-2015. At the moment, the company has six showrooms in Germany. After strong recent growth, Scarosso is targeting total sales of €10 million for this year. 

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