A daily newsletter summarizing recent activity & interesting start-ups globally
RECENT NOTABLE ACTIVITY – FASHION TECH
- Farfetch, an online marketplace for luxury brands raised $397M in Series G funding from JD.com. Link
- James Allen, an online retailer of diamond jewelry raised $140M in Series B funding from Francisco Partners. Link
- Spring, an online fashion product discovery platform from brands and designers raised $65M in Series C funding from Fidelity Investments, LVMH, BoxGroup, Thrive Capital, and Yuri Milner. Link
- The RealReal, an online consignment platform for luxury fashion products raised $50M in Series F funding from Great Hill Partners. Link
- Away, an online direct-to-consumer luggage brand raised $20M in Series B funding from Global Founders Capital, Forerunner Ventures, Comcast Ventures, and Accel Partners. Link
- M.Gemi, an online brand of handcrafted Italian shoes raised $16M in Series C funding from Accel Partners, General Catalyst Partners, Forerunner Ventures, Hubert Burda Media, Burda Principal Investments, and Etsy. Link
- Greats, an online brand of men’s sneakers raised $10M in Series B funding from JH Partners, Resolute Ventures, Adrian Wilson, Eric Zinterhoffer and others. Link
- Videdressing, an online social marketplace for used fashion products raised $6M in Series C funding from DN Capital, Piton Capital, Earlybird Venture Capital, and Generis Capital Partners. Link
- Charmboard, an in-video discovery platform for fashion products raised $5M in Series A funding from undisclosed investors. Link
- Bonobos, an internet-first apparel brand was acquired by Walmart for $310M. Link
- Namshi, an online fashion retailer in the Middle East was acquired by Emaar for $151M. Link
- eBags, an online retailer of bags and travel accessories was acquired by Samsonite for $105M. Link
- LXR&CO, an online shopping platform for vintage luxury fashion products was acquired by Gibraltar Ventures for $82M. Link
- Suitcase, an online personal shopper for men’s fashion was acquired by FNG for an undisclosed amount. Link
- Shoppist, a mobile app only product discovery platform for fashion products was acquired by Roofpik for an undisclosed amount. Link
- Candere, an online private label brand for jewelry was acquired by Kalyan Jewellers for an undisclosed amount. Link
- Out of Print, an online brand of printed apparel and fashion accessories was acquired by Penguin Random House for an undisclosed amount. Link
SOME INTERESTING STARTUPS FOUND
Bonsai (2016, Toronto, $3.3M) – Online content-driven discovery and retail platform for men’s fashion products.
Summersalt (2017, St. Louis, $1.25M) – Online private label brand of designer swimwear for women.
Dress Code (2016, NYC, $130k) – 3D scanning-based apparel recommendation application.
LEADER BOARD – FASHION TECH
B2C Commerce – Horizontal
Farfetch (2008, London, $709M) – Online curated marketplace of fashion boutiques and designers. Backed by Index Ventures, Greycroft Partners, JD.Com, and others.
Vancl (2007, Beijing, $580M) – Online retailer and private label brand for fashion products. Backed by SAIF Partners, Tiger Global Management, IDG Capital, Temasek, and others.
Yepme (2010, Gurgaon, $87M) – Internet-first private label brand of fashion apparel and accessories. Backed by Helion Venture Partners, Capricorn, and Khazanah Nasional.
Lyst (2010, London, $60.5M) – Online aggregator of fashion products. Backed by Accel Partners, Balderton Capital, and others.
B2C Commerce – Apparel
Bonobos (2007, NYC, $128M, Acq.) – Internet-first private label clothing brand. Backed by Accel Partners, Lightspeed Venture Partners, Felicis Ventures, and others.
Outfittery (2012, Berlin, $60M) – Online subscription-based personalized shopping platform. Backed by Highland Capital Partners, Northzone, Holtzbrinck Ventures, and others.
Teespring (2012, SF, $56M) – Online pre-order crowdfunding portal for custom clothing. Backed by Andreessen Horowitz, Khosla Ventures, FundersClub, and others.
B2C Commerce – Innerwear
La Miu (2008, Beijing, $55M) – Internet-first lingerie brand. Backed by Rakuten, DCM Ventures, and Daiwa Securities Group.
Zivame (2011, Bangalore, $47M) – Online lingerie store for women. Backed by Kalaari, IndoUS Venture Partners, IDG Ventures India, and others.
B2C Commerce – Footwear
Yougou (2011, Guangdong, $200M) – Online marketplace for footwear. Backed by BeLLE International.
Zappos (1999, Henderson, Acq.) – Online retailer of footwear. Backed by Sequoia Capital, SV Angel, Glynn Capital, and others.
B2C Commerce – Accessories
JustFab (2010, El Segundo, $300M) – Online fashion retailer and monthly subscription service provider for fashion accessories. Backed by Matrix Partners, Technology Crossover Ventures, Passport Capital, and others.
Warby Parker (2010, NYC, $215M) – Internet-first brand for designer eyewear. Backed by First Round Capital, American Express, SV Angel, and others.
Secondhand
TheRealReal (2011, Tiburon, $1
Vestiaire Collective (2009, Paris, $131M) – Online marketplace for luxury fashion products. Backed by Ventech, Idinvest Partners, and Balderton Capital.
ThredUp (2009, SF, $127M) – Consignment based secondhand clothing platform. Backed by Goldman Sachs, Trinity Ventures, Redpoint Ventures, and others.
Rental
Rent the Runway (2009, NYC, $190M) – Online platform to rent designer dresses and accessories. Backed by Bain Capital Ventures, Highland Capital Partners, and others.
Generation Tux (2014, Oakland, $42.5M) – Online platform to rent the tuxedo for men. Backed by undisclosed investors.
The Black Tux (2012, Santa Monica, $41M) – Online tuxedo and suits renting platform. Backed by Menlo Ventures, First Round Capital, and others.
B2B Platforms
Joor (2010, NYC, $20M) – Online B2B marketplace connecting retailers and brands. Backed by Lerer Hippeau Ventures, Battery Ventures, Great Oaks Venture Capital, and others.
MOKO (2007, Beijing, $8M) – Online marketplace connecting fashion models with agencies. Backed by Holch Group.
Enablers
Me-Ality (1994, Santa Clara, $48M) – Virtual fitting solution provider to fashion retailers. Backed by Northwater Capital and Nova Scotia Business.
True Fit (2005, Woburn, $46.5M) – Fit personalization software provider for retailers and brands. Backed by Guggenheim Partners, Jump Capital, Founder Collective, and others.
WGSN (1998, London, $35M, Acq.) – Trend spotting and forecasting service for brands and retailers. Backed by Nomura Holdings. Acquired by Ascential in 2005.
Content Platforms
StyleHaul (2010, LA, Acq.) – Online video network that maintains a community for fashion, beauty, and lifestyle content.Backed by BDMI, Rezwan Partners. Acquired by RTL Group in 2014 for $107M.
Livingly Media (2006, San Carlos, $16M, Acq.) – Online magazine that publishes content on fashion and lifestyle. Backed by Menlo Ventures, Draper Associates, Great Oaks Venture Capital, and others.
Innovative Materials
Bolt Threads (2009, Emeryville, $90M) – Manufactures fibres for textile industry using artificial silk proteins. Backed by Founders Fund, Foundation Capital, Formation 8, and others.
Modern Meadow (2011, Brooklyn, $53.5M) – Produces cultured leather and related biomaterials to be used as alternatives in fashion & food industry. Backed by Horizon Ventures, Iconiq Capital, Breakout Ventures, and others.
Leaderboard includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.
For latest update, visit Fashion Tech feed.