An Interest In:
Web News this Week
- March 25, 2024
- March 24, 2024
- March 23, 2024
- March 22, 2024
- March 21, 2024
- March 20, 2024
- March 19, 2024
Some of Our Sources
- Slashdot
- BoingBoing
- Mashable
- The Logo Smith
- You The Designer
- Creative Curio
- Inspiredology
- Noupe
- Fudge Graphics
- The Verge
Help Webnuz
Referal links:
July 26, 2012 05:31 pm GMT
Another big round of funding for the currently-chic area of online retail and fashion: JustFab, the online shoe/fashion brand and styling platform with six million members, has raised $76 million, funding that it will use to go big on international expansion. The C-Round was led by new investor Rho Ventures, with participation from existing backers Matrix Partners, Technology Crossover Ventures (TCV) and Intelligent Beauty, JustFab's parent company, which incubated and launched the startup in 2010. The total amount of money now raised by JustFab is $139 million.After a launch in Germany earlier this year that went "significantly better than we expected," co-CEO Adam Goldenberg tells me that the main priority right now is to continue that international expansion to one of the biggest fashion markets in Europe. "We are launching in the UK in September," he tells me, with more markets to be added by the first quarter of 2013. Currently, he says, JustFab is adding half a million users every month, and is on track to make $100 million in revenue this year -- a big leap on the $28 million of 2011 -- on a business model that mixes a subscription-based user-base with other users buying a la carte.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/ROUmNz7j_5k/
JustFab Just Nabbed Another $76M To Take Its Fashion Platform International And Beyond Shoes
Another big round of funding for the currently-chic area of online retail and fashion: JustFab, the online shoe/fashion brand and styling platform with six million members, has raised $76 million, funding that it will use to go big on international expansion. The C-Round was led by new investor Rho Ventures, with participation from existing backers Matrix Partners, Technology Crossover Ventures (TCV) and Intelligent Beauty, JustFab's parent company, which incubated and launched the startup in 2010. The total amount of money now raised by JustFab is $139 million.After a launch in Germany earlier this year that went "significantly better than we expected," co-CEO Adam Goldenberg tells me that the main priority right now is to continue that international expansion to one of the biggest fashion markets in Europe. "We are launching in the UK in September," he tells me, with more markets to be added by the first quarter of 2013. Currently, he says, JustFab is adding half a million users every month, and is on track to make $100 million in revenue this year -- a big leap on the $28 million of 2011 -- on a business model that mixes a subscription-based user-base with other users buying a la carte.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/ROUmNz7j_5k/
Share this article:
Tweet
View Full Article
Techcrunch
TechCrunch is a leading technology blog, dedicated to obsessively profiling startups, reviewing new Internet products, and breaking tech news.More About this Source Visit Techcrunch