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Openness to investment
Investors not only provide you with the necessary funding to cover your expenses but also intensively push you towards more ambitious goals. And this becomes an excellent stimulus for founders and the team to look for more opportunities and challenge yourselves.
So, in 2013, one of the largest investment funds in Central Europe – MCI.TechVentures – invested in the development of Answear. After that, investors pushed the company to grow and expand the brand beyond Poland. This became a prerequisite for solving the global task of conquering new markets in Central and Eastern Europe.
Geographical expansion
In 2014, Answear started operations in the Czech Republic and Slovakia. Although they made some mistakes when entering the Czech market, it was the best decision for the company's growth.
Until now, the business continues its development strategy in European countries' markets. They started working in Ukraine and Romania in 2015, Hungary in 2016, and Bulgaria in 2018. In 2021, the company expanded to Croatia, Greece, and Cyprus. In the summer of 2022, Answear already sent parcels to the first customers from Slovenia.