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Footfalls and Heartbeats raises $1.6 million to scale smart textiles technology

Footfalls and Heartbeats, a New Zealand-based smart textiles company, has raised £1.25 million ($1.6 million at current exchange) in tax relief funding. The investment came from the Enterprise Investment Scheme, a tax relief program funded by the UK government to help smaller higher-risk trading companies raise capital by offering a range of tax reliefs to investors who purchase new shares …

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M.Gemi raises $16 million to push data-backed supply chain

M.Gemi, a Boston-based direct-to-consumer shoe brand, has raised $16 million in Series C funding. The company has raised a total of $47.2 million to date. BurdaPrincipal Investments, the growth capital arm of German media company Hubert Burda Media, led the funding. The company’s previous investors Accel, General Catalyst Partners and Forerunner Ventures also contributed to the investment. “M.Gemi is truly …

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Summersalt raises angel round to expand eco-friendly swimwear brand

Summersalt, a St. Louis-based swimwear brand, has raised an undisclosed amount of angel funding. The investment came from a group of undisclosed angel investors. Lori Coulter launched the direct-to-consumer brand with Reshma Chamberlin this past May as an affordable, eco-friendly alternative to high-end swimwear currently on the market — each piece retails for $95 or under and is manufactured from …

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Inturn raises $22.5 million to scale off-price inventory solution globally

Mention the words ‘Retail Apocolypse’ and you’ll either get a blank stare, a balk of amusement or a headshake of discouragement. For Inturn’s CEO Ronen Lazar, it’s none of these things. “We actually don’t really look at what people are calling the ‘Retail Apocalypse’ as something that really helps or doesn’t help the growth of our business just because there’s …

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