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Lookiero closes $19M led by MMC Ventures to be the Stitch Fix for Europe

Lookiero closes $19M led by MMC Ventures to be the Stitch Fix for Europe

5 years ago
Anonymous $RAvQk0gPh1

https://techcrunch.com/2019/09/20/lookiero-closes-19m-led-by-mmc-ventures-to-be-the-stitch-fix-for-europe/

Lookiero, the online personal shopping service for clothes and accessories, has closed a $19 million funding round led by London-based VC MMC Ventures with support from existing investor All Iron Ventures, and new investors Bonsai Partners, 10x and Santander Smart. The company will use the backing to expand in its main markets of Spain, France and the UK. In June last year it closed a funding round of €4 million led by All Iron Ventures.

The startup applies algorithms to a database of personal stylists and customer profiles to thus provide a personalized online shopping experience to its customers. It then delivers a selection of five pieces of clothing or accessories curated by a personal shopper to fit the customer’s individual size, style, and preferences. Customers then decide which items to keep or return (at no additional cost), allowing Lookiero to learn more about the customer’s tase before starting the whole process again.

Lookiero closes $19M led by MMC Ventures to be the Stitch Fix for Europe

Sep 20, 2019, 3:31pm UTC
https://techcrunch.com/2019/09/20/lookiero-closes-19m-led-by-mmc-ventures-to-be-the-stitch-fix-for-europe/ > Lookiero, the online personal shopping service for clothes and accessories, has closed a $19 million funding round led by London-based VC MMC Ventures with support from existing investor All Iron Ventures, and new investors Bonsai Partners, 10x and Santander Smart. The company will use the backing to expand in its main markets of Spain, France and the UK. In June last year it closed a funding round of €4 million led by All Iron Ventures. > The startup applies algorithms to a database of personal stylists and customer profiles to thus provide a personalized online shopping experience to its customers. It then delivers a selection of five pieces of clothing or accessories curated by a personal shopper to fit the customer’s individual size, style, and preferences. Customers then decide which items to keep or return (at no additional cost), allowing Lookiero to learn more about the customer’s tase before starting the whole process again.