Funding news and archive

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...

Business

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...

Business

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...

Business

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...

BusinessFeatured

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...