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June 7, 2011 01:49 pm GMT

EDITD Scores $1.6M To Help Fashion Industry Mine The Social Web And More Big Data

EDITD, the London-based startup that offers a retail monitoring and analytics platform for the fashion industry, has raised a $1.6 million "seed round" led by Index Ventures. Alex Zubillaga, Atlas Venture, High Line Venture Partners, Sylvie Gabriel and Joanne Wilson have also participated.The new funding will be used to further develop EDITD's product offering, including increasing the amount of data being analysed, along with entering new markets and expanding the team "globally". Robin Klein of Index will also join the company's board as chairman.

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