Wednesday, June 19, 2024
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WebLinc, a provider of commerce and operations management systems for high growth retailers, closed a $6 million investment led by Montage Capital and Partners for Growth. WebLinc is the provider of cloud SaaS products Workarea and Orderbot. International retailers and brands Reformation, Lonely Planet, and BuzzFeed

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Naadam, a sustainable, luxury cashmere brand based in New York, raised $16 million in Series A funding led by private equity firm Vanterra Capital, with participation from Torch Capital, U-Start Club, Trail Post Ventures, and Plug & Play Ventures. Co-founded and launched by Matthew Scanlan,

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Community-driven marketplace for curated men’s clothing Grailed closed a $15 million Series A investment round led by Index Ventures, with continued participation from Thrive Capital and Simon Ventures. The new investment brings the company's total funding to $20 million. Founded in 2013, Grailed strives to provide

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Maisonette, an online baby and children's fashion and lifestyle platform, completed an oversubscribed $15 million Series A round of financing. The company's previous seed investor, New Enterprise Associates led Maisonette's first official round of funding, with Pritzker Group Venture Capital and John Fisher of Draper

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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

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True Fit, a data-driven personalization platform for retail apparel and footwear, today announced a $55 million Series C investment, led by Georgian Partners, with participation from existing investors Jump Capital, Signal Peak Ventures and Intel Capital, as well as new investor Cross Creek Capital. True Fit

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Lily, an online personal stylist service that uses emotional intelligence to help women discover clothes that flatter their bodies and make them feel their best, completed $2 million in seed financing. Seven investors contributed to the round, among them New Enterprise Associates, Global Founders Capital,

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Fashion company Moda Operandi raised $165 million in financing, led by K11 and Apax Partners. New Enterprise Associates, LVMH Moët Hennessy Louis Vuitton, and Fidelity Management & Research Company also participated. According to the company, Moda Operandi is the first online luxury fashion retailer to

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Online personal shopping company Stitch Fix issued its initial public offering raising $120 million. The company Fix priced 8 million shares at $15, below its indicated range of $18 and $20. The fashion retailer blends expert styling, proprietary technology, and products to deliver a personalized

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