Yahoo Gets Set to Acquire Tumblr
Yahoo! Inc. and Tumblr announced today that they have reached a definitive agreement for Yahoo! to acquire Tumblr.
Per the agreement and our promise not to screw it up, Tumblr will be independently operated as a separate business. David Karp will remain CEO . The product, service and brand will continue to be defined and developed separately with the same Tumblr irreverence, wit, and commitment to empower creators.
Muse & Co Raises $3.4M in Funding, Flash Sales Sites Still a Hot Commodity
Fashion-loving Japanese startup Muse & Co has raised 350 million yen, (approximately $3.4 million), in series B funding for its fledgling e-commerce business. Participants in this round were Itochu Technology Ventures, Mitsubishi UFJ Capital, and Infinity Ventures Partners (IVP); this funding comes exactly a year after a smaller first round.
Muse & Co aims itself at Japan’s savviest and most stylish shoppers – which are of course young, professional women. It’s a VIP flash sales site, something we’ve seen prove popular in the country with Luxa.jp, Monoco, Glamour Sales, and numerous others.
Luvocracy Collects $11M in Funding
Today consumers have a great advantage to shopping, receiving recommendations. This concept is great for the indecisive person and those who value the opinion of others. Thanks to social media, this has become a major factor before making a purchase.
BitPay Expands and Receives $2M in Seed Funding
BitPay Inc, the world’s leading payment processor for bitcoin, announces it has raised an additional $2M in seed funding. The round was led by Founders Funds, which includes three founders of PayPal and Heisenberg Capital.
“ECommerce companies see the tremendous value that frictionless international payments bring to their businesses as they expand into emerging markets. BitPay’s ambitions have been global from the outset, and at Founders Fund we have been impressed with the company’s tremendous growth as they sign up hundreds of new customers a day, turning the potential for opportunity into a reality,” said Brian Singerman a Partner at Founders Fund.
Introducing MIKA Look
If you thought the e-commerce market – especially for fashion – was completely saturated, think again. Despite the already existing high number of e-commerce sites dedicated to serving fashion in as many unique different ways as possible, there is another intriguingly different site in the works.
MIKA Look, spearheaded by long-time fashion lover Elena Fesenko, approaches and serves a niche of the market in a manner that I think has not yet been done. The site, fresh out of beta testing and into its official launch, serves the fashion-conscious who might not have the eye or creativity to pull together the look they want. Here, fashion-conscious is a bit of broad term – specifically, it serves the fashion-conscious who can afford to purchase the high-end designers featured on the site.
FashInvest Interview: 19th Amendment, Breaking Designers into the Fashion Industry
Welcome to the fashion industry, a tough, expensive, and competitive network. After graduating from Parsons, Amanda Curtis hoped to launch her own brand. She soon realized that her big break would be a harder to reach. Creating a brand is much harder then realized, it takes capital and resources that are not available to the everyday designer. Curtis found a problem and created a solution, 19th Amendment. The startup, which as previously introduced by FashInvest, gives designers the chance showcase their portfolio and designs to the online community and give designer that break they’ve always been looking for.
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From the Archives
Cherokee Partners Re-Acquires Cherokee School Uniform Category
Leading innovator and global marketer of style-focused lifestyle brands, Cherokee Inc., recently re-acquired the Cherokee School uniform category from Strategic Partners. They also extended the brand license agreement with Comercial Mexicana for an additional six years through December 31, 2019.
FashInvest Exclusives
HEADS UP: MALLS COULD DIE SOONER THAN ANYBODY THINKS.
Department stores and specialty chains are in for a shock. Why no one sees it coming, and what retailers can do to survive. It’s no secret that malls are in danger.
