Investment news and archive

Gen Phoenix secures 15 million US dollars in investment

British next-gen material supplier Gen Phoenix, which offers sustainable recycled leather fibre material manufacturing at scale, has secured 15 million US dollars in a funding round led by venture capital firm Material Impact and increased investment from Tapestry, the fashion group behind Coach, Kate Spade, and Stuart Weitzman. In a statement,...

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Apollo acquires 30 percent stake in TradeInn

Madrid – Spanish sportswear e-commerce platform TradeInn welcomes a new minority partner. US investment firm Apollo Global Management has acquired a 30 percent stake, previously held by Spanish private equity firm Suma Capital. French sporting goods retailer Decathlon had also expressed interest in this stake. Reports surfaced in late July 2024...

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Mango invests in The Post Fiber, to incorporate recycled fibres into collections

Spanish fashion giant Mango has stepped in as the “first major brand” to invest in The Post Fiber. The start-up manages and recycles post-consumer textile waste to be used in the production of new fibres for the creation of garments. Made via Mango StartUp Studio, the brand’s start-up accelerator, the funding intends to contribute to Mango’s...

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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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Voyado gains US majority shareholder: Focus on growth in Europe

Retail technology platform Voyado has a new majority shareholder. Funds managed by the global investment firm Viking Global Investors LP (Viking) are taking over, the company announced today in a press release. Existing shareholders – Novax, Verdane, eEquity and H&M Group – remain involved, as do Voyado’s founders. With the capital injection,...

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Ecoalf secures ‘green loan’ of seven million euros from Impact Bridge to boost growth

Madrid – Spanish fashion label Ecoalf secured a seven million euro "green loan" from Spanish fund manager Impact Bridge (IB). The capital will be used by the company, founded and led by Javier Goyeneche, to further boost its growth as a global ‘purpose-driven’ brand focused on promoting and leading the fashion industry's shift towards a more...

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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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BGF commits three billion pounds in investments for UK businesses

Barclays-founded BGF has outlined a three billion pound commitment to invest in high-potential UK businesses as it looks to scale support for growth in early-stage firms. Over the next five years, the firm, which has previously invested in fashion brands like Seasalt and Strathberry, wishes to back British businesses to help drive their success,...

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‘Autofocus’ eyewear brand Ixi secures 36.5 million dollars in funding

Ixi, a Finnish startup centred around ‘autofocus’ eyewear, has announced the closing of a Series A funding round amounting to 36.5 million dollars. The investment, led by London-based investment fund Plural, is intended to aid in the product development of Ixi Adaptive Eyewear, with the goal of establishing commercial operations. Additional...

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LVMH invests in Scandinavian luggage brand Db

Norwegian accessories upstart Db has quietly been reshaping how adventurers and urban nomads perceive luggage. This week, the brand secured a minority investment from LVMH Luxury Ventures. Founded in 2012 by entrepreneur Truls Brataas and professional free-skier Jon Olsson, Db represents a new breed of design-driven equipment brands that...

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Lifestyle brand Vuori secures 825 million dollar investment

Southern Californian performance apparel brand Vuori has announced it received a 825 million dollar investment, raising its valuation to 5.5 billion dollars. The funding round was led by General Atlantic and Stripes, alongside a cohort of additional investors. Structured as a secondary tender offer, the funding will see the leading investors...

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LVMH acquires minority stake in menswear brand Our Legacy

LVMH Luxury Ventures, an investment arm of luxury group LVMH, has acquired a minority stake in Swedish brand Our Legacy, Business of Fashion reported exclusively. LVMH has not yet confirmed the deal. Our Legacy will reportedly use the investment to scale up its operations, kicking off its “next phase of growth” by expanding its store network to...