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.
Bain Capital Close to the Finishline for its Next Acquisition
According to Rueters, Bain Capital LLC has emerged as the last party standing in the race for Yankee Candle Co Inc.
Final bids for Yankee Candle, currently owned by Madison Dearborn Partners LLC, are due this week and the people said on Wednesday that other buyout firms that had made first-round offers for the company, including Advent International Corp, CVC Capital Partners Ltd, Clayton, Dubilier & Rice LLC and Ares Management LLC, had lost interest.
FashInvest Exclusive:Entrepreneur Kathy Ireland Talks About What it Takes to Build a Business
When building a brand, there is so much more to than just sales and profits (although these are also important aspects). You want to build something that consumers can relate to; you want to build a lifestyle.
I recently attend The Third Annual Consumer Brand Conference hosted by Consensus Advisors, a boutique investment bank focused on the retail and consumer products industries, and The NASDAQ OMX Group, Inc., the world’s largest exchange company. There a were a number of good presentations along with two phenomenal keynote speakers, Kathy Ireland of kathy ireland Worldwide® and Kevin Plank of Under Armor.
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
Couture at Your Fingertips: Interview with Gina Mathew of Couture Rani
Ever dreamed of owning a luxurious sari but can’t afford the $1,800 ticket to India to have one made to order? Well Gina Matthew is helping you make that dream come true with her site Couture Rani, a luxury fashion website for Indian designer wear to give shoppers instant access to high end Indian fashion.
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.
