The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
The company, whose software allows fashion brands like Lululemon, Nike and Adidas to create virtual 3D renderings of designs, will use the funding to accelerate growth.
The pandemic helped accelerate adoption of digital tools in the industry and Browzwear said it plans to double the size of its business in the next two years and triple its global workforce.
The funding round marks the first time Browzwear has raised institutional financing and was led by growth equity firm Radian Capital.
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The Fashion-Tech Tools Getting a Boost As Covid-19 Takes Hold
As businesses pivot to remote working and e-commerce, specialist digital platforms catering to the fashion industry seem set to grow.
The next generation of Meta’s and Ray-Ban’s collaborative smart glasses offer better audio and picture quality, as well as live streaming directly to Instagram. But that may not be enough.
The data and technology business has developed proprietary tools that allow analysis of customer engagement, marketing strategies and lifetime value, working with the likes of The Economist, MyTheresa and Diageo. BoF speaks to Good Growth’s CEO and co-founder to learn more.
The sneaker brand has faced challenges in the year since it launched a 3D online space and introduced NFT-linked sneakers, but it sees a long-term opportunity ahead in virtual goods and experiences, including a chance to make them a significant part of its business.
The company, which rolled out its Shop feature to all US users this week, is banking on its powerful algorithm to help it succeed where Instagram and others have failed by delivering a constant stream of products along with its targeted content into users’ feeds.