Clippings reports losses of £1.5m after raising around $15m in the year.

Clippings raised £845k on Crowdcube in 2015 and has raised around $15m since the end of January 18. Two key investors were C4 Ventures and Advanced Venture Partners. 

The company which offers contemporary design furniture on line was only due to make a loss of around half its actual £1.5m. 

It will be interesting to see if an investment of this size will be able to turn things around. The involvement of C4 might suggest an explosion is due.