Funding news and archive

AI styling platform Vêtir raises 5.5 million dollars in Series A funding

Vêtir has secured 5.5 million dollars in a first close of its Series A funding round, giving the business a valuation of 150 million dollars as it expands its AI-powered wardrobe and styling platform. The round was backed by investors including Laidlaw & Company, alongside luxury-focused family offices and strategic partners. Former Mytheresa...

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Castore secures 90 million pounds in funding to invest in growth and digital capabilities

Sportswear brand Castore has secured a 90 million pound facility with banking partners as it continues to pursue global expansion and rollout a growth strategy. The company said it would use the funding to facilitate new retail openings across the UK, as well as support growth into the Middle East and Asia. In a statement, Mark Rowan, global...

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NYC garment industry receives boost with 1.7 million dollar Local Production Fund

New York City Economic Development Corporation (NYCEDC), in partnership with the Council of Fashion Designers of America (CFDA), has announced the continuation of its Fashion Manufacturing Initiative (FMI) with the launch of a new Local Production Fund, backed by a combined 1.7 million dollar investment. The fund is designed to support New York...

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Seaweed-based dye startup secures funding to back commercialisation

SeaDyes, a startup developing seaweed-based fabric dyes, has secured 200,000 pounds in funding as it eyes further investment opportunities and the commercialisation of its product. The company was founded in July 2023 by biotech innovator Jessica Giannotti, before joining The James Hutton Institute, Scotland’s scientific research institute for...

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Footasylum secures 60 million pounds in funding amid retail expansion

Sportswear retailer Footasylum has secured an extension to its revolving credit facility with HSBC UK, expanding its financing with the bank from 35 million pounds to 60 million pounds. The new funding comes amid a retail expansion for the retailer, which has confirmed new store locations in Leeds, Glasgow and Merthyr Tydfil. The first will open...

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OpenAI raises 110 billion dollars in record funding round

OpenAI announced Friday a massive $110 billion funding round valuing the ChatGPT maker at $730 billion, with SoftBank, Nvidia and Amazon each making multi-billion-dollar commitments as the artificial intelligence company races to meet surging global demand. The investment round - one of the largest in Silicon Valley history - includes $30...

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Phia secures 35 million dollars in series A funding to scale AI shopping platform

Phia, the AI-driven shopping agent co-founded by Phoebe Gates and Sophia Kianni, has secured 35 million dollars in series A funding. Led by Notable Capital, with support from Khosla Ventures and Kleiner Perkins, the round values the 10-month-old startup at 185 million dollars. Since its April 2025 debut, Phia has scaled to over one million users...

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AI ecommerce startup Onton raises 7.5 million US dollars

AI ecommerce startup Onton has successfully raised 7.5 million US dollars to reimagine and streamline the online shopping experience. In a seed funding round led by Footwork, with participation from Liquid 2, Parable Ventures, 43, and more, the funding round brings Onton’s total funding to approximately 10 million US dollars. Onton aims to use...

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Albatross raises 12.5 million USD for AI model that reinvents product discovery

Albatross, a Zurich-based AI company founded by former Amazon AI leaders, has successfully raised 12.5 million US dollars in new funding to develop an AI model for real-time product discovery. Designed to serve as a model that continuously learns from live consumer behaviour, the platform aims to replace static product recommendations. The...

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Skims valued at 5 billion dollars following new funding

Kim Kardashian’s Skims brand has secured 225 million dollars in new funding, valuing the shapewear and apparel company at five billion dollars. The latest round, which puts the brand ahead of the four billion dollars it was valued at in 2023, was led by Goldman Sachs, and saw further backing from funds affiliated with BDT & MSD Partners. The...

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Live shopping platform Whatnot secures 225 million dollars in funding

Whatnot, a live shopping platform operating in the US, UK and across Europe, has closed on a 225 million dollar Series F funding valuing the company at 11.5 billion dollars. Co-led by DST Global and CapitalG, the round attracted new investors such as Sequoia Capital and Alkeon Capital, as well as returning investors like Greycroft and Andreessen...

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Everbloom partners with leading mills, raises 8 million dollars to bring protein-waste to luxury supply chains

After seven years of quiet development, textile start-up Everbloom has stepped into the spotlight with the launch of its proprietary protein-based fibres, positioning itself as a direct alternative to cashmere and wool. With 8 million dollars in total funding under its belt, propelling it from concept to commercialisation, the New York-based...