On March 1, 2023, LMTS Holding S.C.A., closed the transaction. The company received $25 million in its second and final tranche. The company has raised a total of $55 million in the transaction.

The tranche included participation from Zalando SE, Youngone Holdings Co., Ltd., Avery Dennison Corporation, returning investors, 8090 Industries, Circulate Capital, Vodia Capital, LLC, City Light Capital.