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Poshmark Bags $87.5 Million in Series D Funding, Focuses on Expanding into New Categories

Today, Poshmark, the largest social marketplace for fashion where anyone can buy, sell and share their style with others, announces $87.5 million in Series D funding led by Temasek, an investment company headquartered in Singapore, bringing the company’s total funding to nearly $160 million.  In addition to the new round of financing, Poshmark is introducing its latest product innovation, Poshmark Stylist Match, an in-app social styling …

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Grapevine Acquires ReadyCart, Provides Additional Monetization Options to Social Media Influencers

 Grapevine, the world’s leading end-to-end influencer marketing platform, announced today that it has acquired ReadyCart, a turnkey affiliate shopping platform designed for YouTube creators. The addition, the ReadyCart platform provides a new way for more than 135,000 content creators in Grapevine’s network to monetize their content in concert with branded content opportunities. Recent research found that more than one-third of Millennials …

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Mobile Rewards Program Drop Bags $5.5M in Seed Funding, Continues to Focus on Millennials

Drop, a millennial-focused rewards program, today announced the launch of its platform in the US market fueled by a $5,500,000 venture capital infusion. The seed round was led by Sierra Ventures with participation from White Star Capital, ff Venture Capital, Portag3 Ventures and HOF Capital.

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Villoid raises $1.62 million to fuel growth of shopping app

Villoid, an Oslo-based shopping app, has raised kr13 million ($1.62 million at current exchange) in venture funding. The company has raised a total of $1.74 million to date. The investment came from angel investors Andreas Randel and Mikael Randel. Villoid was founded by Jeanette Dyhre Kvisvik and Jarle Snertingdalen in 2015. The app is a mixture of Instagram, Pinterest and online …

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CHANGES ARE COMING!

We are pleased to be introducing a new version of the FashInvest Newsletter – WWD’s FashInvest Newsletter. If you are a current newsletter subscriber you will receive this new version in the upcoming week. Our goal with this new edition is to provide you, our valued, FashInvest community an updated product to learn about the latest news as it pertains to emerging companies, starts-ups and the financial institutions shaping the future of the fashion industry. Our current and prospective subscribers will find useful information about what is happening at the epicenter of fashion and finance. We hope you find the new look fresh and modern with meaningful content. Stay on the lookout!