funding news and archive

Avoli raises 2.1 million dollar in funding as it secures first retail partner

Women’s footwear brand Avoli has announced the closing of a 2.1 million dollar seed round, coming in above its initial target of 1.5 million dollars with significant contribution from a range of investors, including co-founder of Altos Ventures Ho Nam. The brand, which was founded in 2023 and particularly caters to volleyball athletes, said it...

Business

Unspun secures 32 million dollar in Series B funding to further support 3D weaving tech

Textile innovator Unspun, announced that it has raised 32 million dollars in an oversubscribed Series B funding round to support its innovative 3D weaving technology, Vega. The funding, led by DCVC, with participation from Lowercarbon Capital, E12, Decathlon and SOSV, will be primarily used to rapidly scale Vega, the company's 3D weaving...

Business

In-Seam, a personal stylist platform, secures 2 million dollars in funding

In-Seam, a cutting-edge US-based platform that facilitates connections between personal shoppers, stylists, and sales personnel, has secured a two million dollars in its second funding round. The significant investment comes on the heels of the company's prior capital raise of 120,000 dollars in November 2022, with investor Techstars playing a...

Business

Video-first e-commerce platform Viavia raises eight million dollars in funding

Viavia, a video-first e-commerce platform, has announced it has secured eight million dollars in a seed round to help it launch a debut fashion retail destination for Gen Z shoppers. The funding, which was co-led by New Enterprise Associates and Basis Set Ventures, follows a 1.15 million dollar pre-seed round the company announced in February...

BusinessFeatured

Bridging the billion dollar gap: how to fund sustainable fashion

Fashion needs funding and sustainable fashion even more so - between 20 and 30 billion US dollars annually as estimated - given that sustainability is the need of the hour to drive fashion innovation towards ecological solutions. Yet, the 2 trillion US dollar industry (in terms of market size) runs into roadblocks when it comes to financing...

Business

NA-KD announces a 45 million USD B-round to speed up global expansion

London - Swedish fashion e-commerce company NA-KD is launching a 45 million USD in B-round funding series to help accelerate its global expansion. The new funding round is led by Partech, a global tech investment firm with several e-commerce success, such as UK-based Made.com and ManoMano within its portfolio, together with NA-KD existing...

Business

Reformation raises 25 million USD in Series B funding round

London - Reformation has raised 25 million USD (18.6 million pounds) in a Series B funding round led by investors Stripes Group and 14W together with Imaginary Ventures, the venture capital firm established by Dame Natalie Massenet, founder of Net-a-Porter, and Nick Brown. The LA-based sustainable fashion label aims to use the funds raised to...

Business

Trouva raises 10 million USD in funding round

London - Trouva, online marketplace for independent bricks-and-mortar boutiques, has successfully raised 10 million USD in a series A round of funding led by BGF Ventures, which previously backed other leading online retailers such as Asos, Farfetch and Etsy. Octopus Investments, Index Ventures, and other return investors also participated in...

Business

Vestiaire Collective secures 49.7 million pounds funding for international growth

London - Luxury resale fashion marketplace Vestiaire Collective has secured 58 million euros (49.7 million pounds) in funding to support its international growth and boost its operational capabilities. The money raised in the funding round, led by new investor Vitruvian Partners together with existing majority shareholders Eurazeo and Idinvest...

BusinessFeatured

Farfetch raises over 75 million pounds for expansion push

London - UK luxury e-commerce platform Farfetch has set its sights on international growth after raising 110 million US dollars (75.6 million pounds) in a Series F funding round. The successful funding round, advised by Qatalyst Partners, was led by new investors Temasek, a Singaporean investment company, IDG Capital Partners and Eurazeo, as...

Business

Retail Acquisitions seeks 70 million pounds to revive BHS

The new owners of high street fashion chain BHS are said to be in discussion with potential new backers in the hopes of raising up to 70 million pounds in funding. Retail Acquisitions, the small consortium which previously bought the struggling chain for 1 pound from Sir Philip Green, is in talks with a number of possible providers who can offer...

Retail

Joules set for overseas expansion after securing 11 million pounds in funding

British lifestyle label Joules has secured additional funding from Barclays Corporate bank to support its expansion plans across Europe and North America. The additional credit, worth 11 million pounds brings the extended facility Joules has received from Barclays to 26 million pounds. "Joules is a British lifestyle brand which is recognised for...