Throughout her years working in technology, Jenny Wang, 28, always found herself stumbling back to one idea — a personal styling agent to help users decide what to wear and buy based on their budget, lifestyle, weather and calendar. She has tried to build such a product numerous times in the past, “but the AI […]
Alta raises $11M to bring ‘Clueless’ fashion tech to life with all-star investors Read More »
Fashion goes in and out of style, and it turns out, so do fashion startups. Lyst, a high-end fashion marketplace that was once valued at $700 million, has been acquired for just $154 million in cash by Zozo, a Japan-based fashion and e-commerce business. Zozo owns a number of fashion brands that include Wear by
Lyst, a fashion marketplace once valued at $700M, sells to Japan’s Zozo for $154M Read More »
CaaStle, a startup that launched in 2011 as a plus-sized clothing subscription service and later became an inventory monetization platform for clothing retailers, is facing financial difficulties, the company confirmed to TechCrunch following a report by Axios. Citing a letter from the board, Axios reported that the company is almost out of money, CEO Christine
CaaStle board confirms financial distress, furloughing employees Read More »
CaaStle, a startup that launched in 2011 as a plus-sized clothing subscription service and in 2018 became an inventory monetization platform for clothing retailers, is facing financial difficulties, reports Axios. The company is almost out of money, CEO Christine Hunsicker has resigned, and law enforcement is investigating alleged financial misconduct, Axios reported, citing a leaked
Fashion startup CaaStle appears to be in trouble Read More »
The fashion industry has concerned Emily Gittins since adolescence. The sector is, after all, one of the most polluting in the world. According to some sources, it is responsible for nearly 10% of the earth’s CO2 emissions and more than 20% of all water waste. Yet people still want more, fast. “The way we consume
Archive raises $30M to solve fashion’s pollution problem with online resales Read More »
Global fashion brands are struggling with billions of dollars worth of unsold inventory. Mostly, these brands avoid reselling in core markets like the UK and the U.S. to prevent market cannibalization. Meanwhile, emerging markets like Africa heavily rely on secondhand clothing imports, but 30% to 40% of these items are deemed unusable upon arrival, leading to
The world of fashion is moving at a faster pace each year. Most retailers introduce new styles each season, and fast-fashion companies like Shein, H&M and Zara update their collections continuously. To keep pace with the rapid demand for new styles, brands and manufacturers have been turning to tech to accelerate their design process. Raspberry
Raspberry AI raises $24M from a16z to accelerate fashion design Read More »
Second-hand clothing has exploded as a category over the past couple of decades. A London startup that’s built a first-of-its-kind platform to improve how this very fragmented industry operates is now announcing funding to double down on the opportunity. Fleek, an online marketplace that connects second-hand clothing wholesalers with those who sell it at retail,
Fleek, a marketplace for wholesale second-hand clothes, sews up $20M Read More »
Aesthetic, a new fashion company looking to be the “Shazam for clothes,” launched this week and is using AI to help people identify and shop for clothing they sourced on social media. The fashion concierge, called Alma, makes it easy for people to buy clothes that might otherwise be hard to find. Say you see
Aesthetic launches the ‘Shazam for fashion’ Read More »
Style DNA, an AI-powered fashion stylist app, creates a personalized style profile from a single selfie. The app is particularly useful for people interested in seasonal color analysis, a process used to determine the best colors to complement an individual’s skin tone. This service can be expensive, with experts charging upwards of $300. However, the
