Material Exchange Ventures, a Stockholm-based startup and creator of an eponymous sustainable fashion platform, has raised a $2 million seed round led by Inventure. The investment will be used to open a sales and technical support hub in mainland China. Material Exchange, the SaaS platform, enables footwear and apparel brands to create, develop and source […]
Gothenburg-based fashion e-commerce company NA-KD gets an extension of €20 million in funding as part of its Series B, making it worth €65 million in total. The extension was led by existing investors Partech, Northzone and eEquity, and included new investors Quadrille Capital and La Maison. NA-KD official reports in net sales in 2018 are […]
London-based fashion software company Unmade has scored £4.75 million in seed funding in a round led by Octopus Ventures and joined by MMC Ventures, Felix Capital and prior backers. Unmade previously raised $4 million in August 2018. Unmade was founded by Hal Watts, Kirsty Emery and Ben Alun-Jones in 2014 in an effort to completely […]
UK-based Depop, which operates an online fashion marketplace for ‘Generation Z’, has raised $62 million in a Series C round led by General Atlantic, a US-based investor. That ties into the startup’s ambitions, which is to accelerate its growth across the Atlantic, where it boasts stores in NYC and Los Angeles. In fact, Depop says […]
Israeli company Syte.ai, which has developed an AI visual search platform for fashion items, has raised $8 million in Series A financing. The round was led by NHN Ventures, with participation from Naver Corp., Line Corp., Magma VC, Remagine VC, KDC Ventures and NBM Ventures.
Israeli 3D fashion tech company Invertex has raised $2 million in a seed funding round. The round was led by Jerusalem-based equity crowdfunding VC OurCrowd. Permoda, an international leading retail and fashion group also participated in the round, along with angel investors. OurCrowd First general partner Eduardo Shoval, a serial entrepreneur, also joined the Invertex board.
Berlin-based company Outfittery, which helps men shop for outfits online with the help of style experts, has raised $22 million in funding. The financing round for the curated shopping startup was led by London and New York-based investment firm Octopus Ventures, alongside U-Start Club and prior backers Northzone Capital, Highland Capital Partners, Holtzbrinck Ventures and […]