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The Luxury Closet raises $7.8 million for pre-owned luxury marketplace

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The Luxury Closet, a Dubai-based pre-owned luxury marketplace, has raised $7.8 million in Series B funding. The company has raised $11.6 million to date. The company’s existing investor Wamda Capital led the round with participation from other previous investor Middle East Venture Partners. Equitrust, Saned Partner, Arzan Venture Capital also contributed to the round in addition to unnamed investors. Kunal …

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FashInvest Opinion: The lack of innovation in B2B technology is hurting business

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The views expressed in FashInvest Opinion editorials are those of the author and do not necessarily reflect the views of FashInvest. The push for new technology adoption among retailers has been a mixed bag. On one hand, new consumer-facing technology has been readily embraced by retailers, with many companies boasting innovative e-commerce sites, new mobile applications, fresh advertising campaigns for …

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J.J. Gray makes timeless shoes new again

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What makes a perfect shoe? If you’re asking Jessica Perdomo, founder of J.J. Gray, it has to be quality above all. Her line of custom made oxfords and riding boots are made using the highest quality leather from Southern Spain and stitched by hand. Mass-made shoes these are not. J.J. Gray is the vision of Ms. Perdomo, a former sales …

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Elephant Partners just closed a $156.36M round for its new fund

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Elephant Partners, a Boston-based venture fund, has raised $156.36 million for its inaugural fund. A regulatory Form D filing with the United States Securities and Exchange Commission filing lists 73 undisclosed investors who have contributed to the fund. Elephant is managed by its co-founders and partners Andrew Hunt and Jeremiah Daly. Both Hunt, the co-founder of optics company Warby Parker, …

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