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Virtual Shopping Platform Obsess Secures $10M Funding Round

Virtual shopping platform Obsess partnered with Coach to design its online showroom. Courtesy.
Virtual shopping platform Obsess partnered with Coach to design its online showroom. Courtesy.

With its Series A round, the e-commerce platform that helps fashion and beauty brands build interactive online virtual stores and showrooms has raised a total of $13.4 million. The new round was led by Jump Capital with participation from the Venture Reality Fund and WXR Fund.

Obsess, which has worked with Coach, Dermalogica, Farfetch and Tommy Hilfiger to create online stores using augmented reality that mimics in-person shopping, will use the new investment to expand beyond fashion and beauty into home, entertainment and consumer packaged goods.

The start-up has been around since 2017 and secured pre-seed funding of $775,000 from Lightspeed Ventures, Techstars and from Village Global, a venture fund that includes money from entrepreneurs like Bill Gates, Mark Zuckerberg and Jeff Bezos. In October, Obsess closed a seed round bringing its total funding to $3.4 million. The company’s goal is to evolve e-commerce shopping beyond the classic thumbnail listings on a white background that had become typical for shopping websites.

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