Kids Retailer KIDBOX Grows Up With $15.3 Million Series B Round
KIDBOX secured $15.3 million in a Series B funding round led by Canvas Ventures, with participation from existing investors Firstime Ventures and HDS Capital. New strategic partners include Fred Langhammer, former CEO of The Estée Lauder Companies Inc., and The Gindi Family, owners of Century 21 department stores.
KIDBOX is the first kids’ style box offering “cool brands, amazing prices, and a mission to clothe one million children in need.” Leveraging proprietary data science and machine learning, the brand’s proprietary personalization algorithm is designed to provide a parent- and kid-friendly shopping experience and start conversations between them about the importance of giving back.
The KIDBOX community includes over 1.2 million families and features 100 brand partners including Adidas, Puma, 7 for all Mankind, Diesel, DKNY, Splendid, and Jessica Simpson.