Viss App Receives Seed Funding From Clive Ng and Christian Remrod
Earlier this year, we reported that Hong Kong-based mobile app, Viss, upgraded to its latest new function, “Shop the look” for its iOS and Android applications. Now, according to TechinAsia, the social fashion and commerce platform takes the next step to success, receiving a round of strategic seed funding from Clive Ng and Christian Remrod through their company 8 Plus Holding.
Alteryx Gets $12M in Funding and Helps Businesses Operate More Efficiently
Alteryx, Inc., the leading provider of Strategic Analytics, today announced that it has received $12 million in financing from Toba Capital (recently formed by Vinny Smith, former CEO and founder of Quest Software) and existing investor, SAP Ventures. This financing will support accelerated growth through added sales, marketing and product investments along with international expansion.
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.
Scarosso Bags Series A Funding
Scarosso, the online luxury shoe brand, announced today that it has raised Series A funding from a syndicate of leading investors led by DN Capital. DN Capital was joined in the round by IBB Venture Capital Company managed ‘Kreativwirtschaft Berlin’, Perikles Ventures and other local angel investors.
Scarosso was founded in 2010 by Moritz Offeney and Marco Reiter. The business attracted angel funding from Berlin Ventures, Martin Sinner (Idealo GmbH) and Michael Brehm (studiVZ). Scarosso uses its unique relationships with top Italian manufacturers to deliver on its brand promise: offering customers unparalleled design, materials and craftsmanship at honest prices.
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.
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From the Archives
REDTAG Launches “Rt Rewards” with Capillary Technologies
The leading value fashion and home stores chain in GCC, REDTAG, announced that they have partnered with Capillary Technologies’ cloud-based suite of Intelligent Customer Engagement Solutions to launch its first ever loyalty program, “rt rewards.” The Middle Eastern chain offers customers a rewarding in-store experience linked to a loyalty program where they can enjoy using either loyalty cards or smart phones. REDTAG believes that this loyalty initiative will fortify “brand fidelity” driving further sales and dragging in more customers through promoting and offering rewards on products.
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.
