21Buttons, a fashion ecommerce app based in Barcelona, has raised $10 million in a Series A round led by Kibo Ventures and JME VC with participation from Breega Capital, 360 Capital Partners, Samaipata Ventures, Banc Sabadell Venture Capital, Sputnik, and Mediaset. Having previously launched in Spain and Italy, the fashion social-commerce app arrived in the […]
German online fashion retailer Lesara has closed a €30 million Series C round from existing and new investors including Northzone, Mangrove Capital, Vorwerk Ventures, Armat Group, and Marshfield Associates. The fashion ecommerce site was founded in 2013 by Roman Kirsch, Matthias Wilrich and Robin Müller and has now raised a total of €55 million. The […]
German DefShop, an online streetwear and hip-hop clothing seller, has been acquired by Equistone Partners Europe. The company’s founder, Alexander Büchler, will retain a minority shareholding. The financial terms of the deal were not disclosed.
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.
Brightfolk, the fashion firm owned by Danish entrepreneur Anders Holch Povlsen has invested in Swedish ecommerce company Klarna. Povlsen is also the owner of Bestseller, whose brands include Jack & Jones and Vero Moda, and is an investor in ASOS and Zalando. The terms of his investment in Klarna were not disclosed but Reuters reports […]
Belgian online fashion store Suitcase has been acquired by fashion house FNG. No terms for the deal were disclosed. FNG had previously focused on women’s and children’s clothing while Suitcase specialises in menswear with a “curated shopping model” that the company intends to build on. FNG said the acquisition was a strategic step in a […]
Global Fashion Group, the Rocket Internet-backed fashion ecommerce business, saw its net revenue cross the €1 billion mark in 2016 with sales up 26% from 2015. That’s according to the Luxembourg company’s financial report for 2016 released last week. The company is still in the negative but managed to improve its EBITDA margins for 2016 […]