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September 21, 2011 03:29 pm GMT

Gilt Groupe Investor Matrix Partners Leads $33M Round In Fashion Retail And Styling Platform JustFabulous

justJustFabulous, a fashion retail and styling platform, has raised $33 million in Series A funding lead by Matrix Partners (who also invested in flash sales giant Gilt Groupe) with co-investment from Technology Crossover Ventures and fashion mogul and TV star, Kimora Lee Simmons. Josh Hannah from Matrix Partners joins the board of directors for JustFabulous while Kimora Lee Simmons will become President and Creative Director. This round brings Just Fabulous' total funding to $62 million.JustFabulous was incubated by Intelligent Beauty in March 2010 and has since grown to over 2.5 million members. Similar to sites like ShoeDazzle and BeachMint, JustFabulous operates a monthly distribution model.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/75kaBkAvvq0/

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