Investment news and archive

Belgian Resortecs raises 6 million to scale up

Belgian innovator Resortecs has secured additional funding to scale its Smart Stitch and Smart Disassembly technology across Europe. The company announced in a statement that it has raised 6 million euros. Resortecs is known for its technologies in the textile and recycling industry that simplify the recycling of items. It has developed a...

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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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Lingerie label Peachaus secures investment from former Matalan CEO

Angus Monro, the former chief executive officer for Matalan, has joined Peachaus as acting chairman after investing 250,000 pounds in the lingerie label. Monro, who has also held various positions at THG and B&Q, is hoping to back the brand’s founder, former Topshop fashion director Gillian Ridley Whittle, in her mission of providing more...

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H&M and investors back Indian innovator AltMat

Indian material developer AltMat has completed a new funding round, the company announced on LinkedIn. The investors include major names such as H&M, investment funds Rainmatter by Zerodha and Turbostart, and the sustainable innovation platform Fashion for Good. AltMat started with the latter 14 years ago through a startup programme. AltMat...

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Million dollar investments: 15 Fashion companies that received large capital injections in the last half year

Anyone running a business knows that significant investment is needed to keep it going. It is therefore not surprising that news of cash injections and funding rounds is often shared. FashionUnited presents the companies that have received at least one million euros in recent months. Start-up Talon.One: 135 million dollars German software...

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Berlin brand Saint Sass secures investment to fuel US expansion

Saint Sass, a Gen Z-centric Berlin fashion brand, has secured an investment from Swiss firm Infinitas Capital and German investor Bronk Venture Capital. The funding – the value of which was not disclosed – will be used to accelerate the company’s international growth, particularly in the US, which has emerged as a key market for Saint Sass. In a...

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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...