Etexx.com, Europe's first online marketplace for the textile industry, has failed to raise the FF50 million second-round funding required to secure its future, and will close at the end of July. The Nice-based company, which was founded in August 1999 by Frédéric Allard and Frédéric Court, two former students at the Lycée Masséna, provided buyers and European sellers with a global e-commerce platform as well as a dedicated trends area to help fashion professionals build their new collections and project key market directions. It had 12,000 registered members, 250 exhibitors, and 13,000 fabric and trimmings references.