LeatherXchange, a service provider for the global leather industry, announced last week that it has secured Eur7.5 million ($6.9 million) in second round financing.

Since its founding LeatherXchange has raised almost Eur20 million. The company projects 2001 revenues of almost Eur1 million , which it expects to more than quadruple in 2002 to Eur4 million. LeatherXchange anticipates breakeven in the fourth quarter of 2002.