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Skims valued at 5 billion dollars following new funding

Kim Kardashian’s Skims brand has secured 225 million dollars in new funding, valuing the shapewear and apparel company at five billion dollars. The latest round, which puts the brand ahead of the four billion dollars it was valued at in 2023, was led by Goldman Sachs, and saw further backing from funds affiliated with BDT & MSD Partners. The...

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Live shopping platform Whatnot secures 225 million dollars in funding

Whatnot, a live shopping platform operating in the US, UK and across Europe, has closed on a 225 million dollar Series F funding valuing the company at 11.5 billion dollars. Co-led by DST Global and CapitalG, the round attracted new investors such as Sequoia Capital and Alkeon Capital, as well as returning investors like Greycroft and Andreessen...

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Everbloom partners with leading mills, raises 8 million dollars to bring protein-waste to luxury supply chains

After seven years of quiet development, textile start-up Everbloom has stepped into the spotlight with the launch of its proprietary protein-based fibres, positioning itself as a direct alternative to cashmere and wool. With 8 million dollars in total funding under its belt, propelling it from concept to commercialisation, the New York-based...

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Bestseller leads 20 million dollar Softwear Automation funding round

Danish fashion giant Bestseller has led a 20 million dollar Series B1 funding round for Softwear Automation, a firm dedicated to autonomous sewing technology that is currently moving towards the commercialisation of its offering. Alongside the strategic investment, which was made via Bestseller’s Invest FWD scheme, Thomas Børglum Jensen, the...

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Brightplus raises 2 million euros to scale innovative textile coating process

Finnish green-tech materials company Brightplus has successfully raised 2 million euros in funding to accelerate the growth, development, and industrial scaling of its high-performance, recyclable, bio-based textile coatings. The funding round was led by impact investor Collateral of Good, and co-led by Nordic Butterfly Ventures, with additional...

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AI-powered fashion agent Gensmo secures 60 million dollars in funding

Just months after its launch in December 2024, AI-powered fashion agent Gensmo has closed on a seed funding round amounting to over 60 million dollars. The financing “signals that investors deeply believe in the company’s mission to bring real AI innovation to the fashion e-commerce world”, Gensmo said in a release. The US-based company, which...

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Bloobloom secures three million pounds funding to bolster expansion

Bloobloom has announced the closing of a three million pound follow-on funding round which it said it would use to aid the roll out of European stores. The British eyewear brand also noted that it had its eyes on expanding its online presence in the US. The funding was led by Pembroke VCT, which had initially invested 2.5 million pounds into...

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Circ closes 25 million dollar funding round, plots first industrial-scale recycling plant

Textile-to-textile recycler Circ has secured a 25 million dollar funding round led by investment and asset management firm Taranis. In a release, the US-based company said that the financing, as well as the expertise of its new partner, would help in its “transition from demonstration-scale to industrial-scale production”. Alongside Taranis,...

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Archive secures 30 million dollars in Series B funding round

Resale tech company Archive has closed on a 30 million dollar Series B funding round, which will be used to further develop its resale intelligence software while accelerating global expansion and investing in new product innovations. This latest round, led by Energize Capital, brings the company’s total funding to date to 54 million dollars....

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Lab-grown leather producer Faircraft secures 15.8 million dollar funding

Faircraft, a Paris-based lab-grown leather pioneer, has closed a 15.8 million dollar fundraising round, with the secured funds to go towards a team expansion and efforts to scale operations. The round was backed by a number of international investment funds, including the UK’s Entrepreneur First, US-based Kindred Ventures and Heirloom and French...

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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...

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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...