Fashion Cloud raises significant new funding round
Fashion Cloud collects a near double-digit million euro investment with the management team still holding the majority of the shares. The Series B funding will help develop new products and fuel international growth. The backing of all existing investors and the new partnership with Brightfolk, Anders Holch Povlsen’s private holding company, underline the company’s ambition to become Europe’s leading B2B platform for the fashion industry.
The whole Fashion Cloud community will benefit from the backing of the company’s strong group of investors. René Schnellen, Co-Founder and one of the Managing Directors of Fashion Cloud: “We are very pleased with the confidence placed in us by our investors. With the new funding round and our strategic partnerships, we expect a strong push for our platform in further European markets.”
The funding will help Fashion Cloud launch its new B2B order platform to the market. Fashion buyers will be able to order through one central website instead of navigating to the individual B2B shops of their brands.
Through merging with the Amsterdam-based startup Nyon nine months ago, Fashion Cloud has already acquired a significant customer base in the Benelux region next to the existing strong footprint in German-speaking countries. The new investment facilitates further international as well as team growth.
All investors and Fashion Cloud share the vision of a strong and well-connected wholesale community that works together seamlessly. Fashion Cloud has been very successful in bringing together brands and retailers on its platform. More than 350 international brands and 6,500 retail companies with 25,000 POS from 65 countries are already working with Fashion Cloud.
Hamburg, 11. July, 2019
Press contact: Inessa Werland, email@example.com