Funding news and archive

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...

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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...

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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...