TheFashion.com has announced the closure of a $1.7 million seed funding round led by Copenhagen-based North East Venture Capital and The Danish Growth Fund. Based in London and Copenhagen, the company plans to use fresh funds in expanding in Northern Europe, primarily to Sweden, Germany and the Netherlands.
Founded in 2013 and launched earlier this year, TheFashion.com brings together online boutiques and fashion stores and lets the customer cross-shop products. Partners of the platform include big regional online retailers like ASOS, Farfetch and TheOutnet as well as several hundred smaller national shops.
The web site has features like real-time inventory updating and machine-learning for customized suggestions. The company has previously raised $400K from Rainmaking,
Kasper Vardrup, Founder & CEO of TheFashion.com said, “The online fashion industry is fragmented and competitive like never before. TheFashion.com was born out of our own frustrations at how time-consuming it is to shop for fashion online. Our ambition is to create a one-stop destination for finding the product you love. We want to make the online shopping experience quick, simple and personal.We believe a great shopping experience comes from simplicity, curation, and personalization. We want to give our users an effective way to find the products they love.”