February Roundup: 17 FashionTech Startups Raise $320M

03|01|2013

February has been a busy month for Fashion Tech as 17 startups have raised $320.4M in venture capital.

February 4 | Plum Perfect | $1.3M Seed Round

Golden Seeds, including Golden Seeds Innovate NY Fund, closed a $1.3M Series A financing for Plum Perfect, ColorModules Inc. Plum Perfect is the ultimate tool for online and mobile sellers to offer highly targeted and accurate color and product recommendations.

February 8 | Valyoo | $10M Series A Round

Valyoo Technologies, a New Dehli, India-based online retailers that sells fashion accessories, raised approximately $10m in funding. Backers inlcuded Unilazer Ventures and IDG Ventures India.

February 11th | Ellie | $2M Seed Round

A lifestyle and activewear company which was co-founded in October by Science, Inc., the technology studio behind Wittlebee, Uncovet, Fourth & Grand, and Dollar Shave Club, raised $2 million of Seed financing from the likes of Trinity Ventures, Rustic Canyon Partners, and Blumberg Capital.

February 11th | StyleSeat | $4M Seed Round

StyleSeat, which allows hairstylists and salon representatives to set up simple online profiles to showcase their wares, now boasts 14K salon professionals who’ve created accounts, with 50K clients added and 1,700 promotions (deals) created.

February 14th | Bombfell | $730k Seed Round

A subscription clothing startup which aims to provide quality, fashionable clothing to men on a monthly basis. Since completing the 500 Startups accelerator last year, the company has moved to New York and seen six consecutive months of double-digit revenue growth. And now it’s raised a seed round to continue that momentum.

February 14th | Rivet & Sway | $2M Seed Round

Eyewear e-commerce and Warby Parker competitor Rivet & Sway comes in at a higher $199 price range, backed by Instagram investor Baseline Ventures.

February 19th | Business of Fashion | $2.1M Seed Round

The Bible of Fashion Business, Business of Fashion blog raises $2.1M to continue covering the fashion’s business.

February 19th | Inverted Edge | $1.6M Seed Round

Singaporean fashion retail site Inverted Edge raised $1.6 million in funding from a government-backed group of VCs. The timing of the announcement is odd as the e-commerce site doesn’t plan on launching until next month. It will carry a consignment of goods from 36 Asia-Pacific designers, according to CEO, Debra Langley.

February 21st | Pinterest | $200M Series D Round

The internet’s magazine, Pinterest, raises a hefty $200M round at a $2.5B valuation bringing their total funding to $338M.

February 21st | Living Proof | $30M Series B Round

The beauty e-commerce site raises $30M and launches a global marketing campaign with Jennifer Anniston. Investors include Leerink Swann—a healthcare-focused investment banking firm based in Boston– and the Pohlad Family Capital Fund, created in 2010 by the family of the late Minnesota businessman (and Minnesota Twins owner) Carl R. Pohlad. Total funding: $53M

February 25th | Warby Parker | $41.5M Series B Round

Just after rumors start to fly that Warby Parker will be designing Google Glass, the eyewear startup raises closes a $41.5M round oversubscribed by J. Crew CEO Millard S. Drexler. Total funding: $54.6M

February 25th | FashionValet | $327k Seed Round

An e-commerce company based in Malaysia, Fashion Valet, emerged as a winner and gained a RM 1 million ($327,000) investment from reality TV show MyEG.

February 26th | TrendsBrands.ru | $3M Series A Round

TrendsBrands.ru, which launched in 2011 with a $1M seed round from Russian fund Ru-Net and Kite Ventures, has closed a $3M Series A investment earlier this month from France’s Vantech.

February 28th | StyleHaul | $6.5M Series B Round

Founded in 2010 by former Saks Fifth Avenue executive and CEO Stephanie Horbaczewski, StyleHaul has just closed a $6.5M Series B round led by Bertelsmann’s Digital Media Investment arm. In addition to their Series A, the startup has now raised $10.9 million in capital.

February 28th | Stitch Fix | $4.75M Series A Round

Personal shopping site Stitch Fix uses data points to customize item recommendations sent in a box for you to try out. They raised $4.75M from Baseline & Lightspeed Ventures.

February 28th | ShopSpot | $630k Seed Round

Thailand’s mobile commerce startup ShopSpot has just raised S$779,000 (US$630,000) from Jungle Ventures with money from Singapore’s government  and SingTel Innov8.

February 28th | Julep | $10.3M Series A

Julep Beauty Incorporated, a new cosmetics brand and e-commerce platform, raised $10.3M from prestigious VC firm Andreessen Horowitz. The startup was founded by former Starbucks executive Jane Park as a way to blend social connections, recommendations with cosmetics and beauty retail and e-commerce.

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