Circ raises $30m+ with backing from apparel and tech industry giants
Circular fashion company Circ has secured over $30 million in Series B funding.
This was led by Bill Gates founded Breakthrough Energy Ventures with additional investment from new partners, including Inditex, Milliken & Company, and Lansdowne Partners.
Previous investors also participating included 8090 Partners, Alante Capital, Card Sound Capital, and Marubeni
Circ has developed a technology system that returns clothes to the raw materials from which they were made. It has raised north of $45 in total to date.
Stockagile raises €2.5m to connect offline and online retail worlds
Stockagile has raised €2.5 million in a funding round led by Nauta Capital, 4Founders Capital, Angels, and Zone2Boost.
The Barcelona-based firm offers a cloud-based platform that enables inventory and sales management across all sales channels – bricks and mortar, online and marketplaces.
It will use the cash to enhance the platform’s offering and customer sales, as well as launch a new sales and marketing strategy.
Forever 21’s parent company sues Bolt and ends up becoming a shareholder
A lawsuit that was filed against one-click checkout startup Bolt by one of its biggest customers will be dismissed following the two parties thrashing out a settlement.
And in an added twist to the story, the same customer — Authentic Brands Group (ABG) — is now a shareholder of the company.
According to a press release, both companies plan to continue the partnership offering seamless, one-click checkout to ABG's brands Forever 21 and Lucky Brand, while evaluating the possibility of expanding Bolt's technology to more portfolio brands in the coming months.
It’s a far cry from earlier this year when ABG alleged that Bolt failed to deliver technology as promised and that it missed out on over $150 million in online sales during an integration with Forever 21.
ABG also claimed that Bolt had raised funding “at increasingly high valuations” by “consistently overstating the nature of its integrations with the company’s brands so that it looked like it had more customers than it actually did.
Bolt hit back by stating that the claims were without merit, and “a transparent attempt” to renegotiate the terms of the companies’ agreements.
A lawsuit that was filed against one-click checkout startup Bolt by one of its biggest customers will be dismissed following the two parties thrashing out a settlement.
And in an added twist to the story, the same customer — Authentic Brands Group (ABG) — is now a shareholder of the company.
According to a press release, both companies plan to continue the partnership offering seamless, one-click checkout to ABG's brands Forever 21 and Lucky Brand, while evaluating the possibility of expanding Bolt's technology to more portfolio brands in the coming months.
It’s a far cry from earlier this year when ABG alleged that Bolt failed to deliver technology as promised and that it missed out on over $150 million in online sales during an integration with Forever 21.
ABG also claimed that Bolt had raised funding “at increasingly high valuations” by “consistently overstating the nature of its integrations with the company’s brands so that it looked like it had more customers than it actually did.
Bolt hit back by stating that the claims were without merit, and “a transparent attempt” to renegotiate the terms of the companies’ agreements.
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