Ixi, a Finnish startup centred around ‘autofocus’ eyewear, has announced the closing of a Series A funding round amounting to 36.5 million dollars. The investment, led by London-based investment fund Plural, is intended to aid in the product development of Ixi Adaptive Eyewear, with the goal of establishing commercial operations. Additional...
29 Apr 2025
Norwegian accessories upstart Db has quietly been reshaping how adventurers and urban nomads perceive luggage. This week, the brand secured a minority investment from LVMH Luxury Ventures. Founded in 2012 by entrepreneur Truls Brataas and professional free-skier Jon Olsson, Db represents a new breed of design-driven equipment brands that...
6 Dec 2024
Southern Californian performance apparel brand Vuori has announced it received a 825 million dollar investment, raising its valuation to 5.5 billion dollars. The funding round was led by General Atlantic and Stripes, alongside a cohort of additional investors. Structured as a secondary tender offer, the funding will see the leading investors...
11 Nov 2024
LVMH Luxury Ventures, an investment arm of luxury group LVMH, has acquired a minority stake in Swedish brand Our Legacy, Business of Fashion reported exclusively. LVMH has not yet confirmed the deal. Our Legacy will reportedly use the investment to scale up its operations, kicking off its “next phase of growth” by expanding its store network to...
8 Nov 2024
Billionaire businessman Mohsin Issa, alongside his partner Victoria Price, has launched a new private investment fund, through which the duo have set out on the goal of backing UK start-ups. One of the first moves by the Jersey-based investment vehicle, Boulder Investco, has been to take a significant stake in secondhand clothing platform...
4 Nov 2024
Canadian luxury outerwear brand Moose Knuckles has entered into a strategic partnership with Chinese down apparel giant Bosideng. The exact terms of the deal were not disclosed. Moose Knuckles aims to leverage the financial backing and strategic support provided by Bosideng and its majority investor group led by international private equity firm...
9 Oct 2024
Swedish edge application management and operations platform provider Avassa has closed a new round of investment, adding global fashion retailer H&M Group as a strategic investor. In a statement, Avassa, which offers a Platform as a Service (PaaS) for managing edge applications and infrastructure across various industries, including retail,...
1 Oct 2024
Last week, ASN Impact Investors, the asset manager of Netherlands-based ASN Bank, announced that it sold all its stakes in clothing companies. This step was taken because major fashion brands such as H&M, Zara and Asics are not making sufficient progress in the area of sustainability. While this may seem like a bold decision at first glance, it...
27 Aug 2024
Los Angeles-based, fragrance-driven bodycare brand Salt & Stone has secured “significant investment” from New York-based investment firm Humble Growth. Terms of the deal and the level of stake Humble Growth has taken in the skincare and fragrance brand were not disclosed, just that Salt & Stone would use the investment to continue "to build a...
8 Aug 2024
Uncaged Innovations, a biomaterials start-up based in New York, announced that it has successfully raised 5.6 million USD in a seed investment round. The proceeds will be used to fund the commercial launch of the company's grain-based leather as well as the expansion of its team, including its manufacturing team. An emerging next-gen leather...
4 Jul 2024
Investment firm Carbon13 has named six ventures that it will invest in via its accelerator, the Venture Launchpad, including AI-powered textile sorting provider, Eslando. The startup, which aims to tackle textile waste in the industry, offers a solution that utilises AI and digital product passports (DPPs) to encourage brands and waste...
27 May 2024
Fresh-faced recycling company Syre has raised an additional 100 million dollars in a new funding round, according to a press release. The capital raised will be used to set up the first recycling and manufacturing facility in the US, which should be operationally active as early as the end of 2024. In addition to this, the money will be used to...
23 May 2024