News English — Fundraising

Asos are looking for two brands to win £50,000 and a chance to be nurtured by the very best in online fashion. If you run your own brand get over to http://www.asos.com/fashion-discovery/ immediately as the deadline for applying is June 19th, 2016!

In May 2016 Thread.com raised £4m from Balderton Capital and Beringea. The company has raised £10.67m in total since 2013. Thread Online Ltd (owned 100% by Thread Inc) was incorporated in the UK in 2012 and is a styling advice ecommerce retailer targeting men and women. At the moment the service is only live in the UK. Style advice is based on algorithm output based on some 10-20 questions that you need to answer before opening an account. Some of the questions include which brands you like, what you normally pay for a list of 10+ different garments, your measurements...

Image: Solar Shirt with thin-film solar cells by Pauline van Dongen. Blue sun screens by Mykita.Transparent latex „Algae Coat“ by SteinRohne Fashion Fusion is an ideas competition aimed at encouraging creative minds from fashion and technology to team up, engage and challenge the fashion status quo with groundbreaking concepts. Be part of the Fashion Fusion Challenge by applying with your idea or concept – individually or as a team. Selected talents will have the opportunity to further develop their submitted projects with professional equipment and the support of our experienced coaches in the Fashion Fusion Lab. Access our network of...

Our first reaction to Farfetch raising another $110million taking its total funding to $300million was - WHAAAAAT? The company is a retailer without stock and operate as an advanced affiliate network connecting buyers with stores & brands. It earns about 25-30% in commissions on the sales they generate which is much higher than standard affiliate schemes, where anything up to 10% is considered good, and would resemble more of a department store with concession shop-in-shops where up to 40% commission on sales is not unheard of. However, Racked (link below) reports that much of the $110million will be used to...