Hope you had a great
SUMMER
As we enter the dog days of the season, I’m amazed to see that
the fashion tech world did not take the summer off – in fact, there
were very exciting developments. We saw $145M invested in the
space last month alone, for a total of $803.5M invested this
summer in fashion tech.
In further proof that the two worlds are colliding, we saw Apple
hire a former CEO of Yves Saint Laurent and read a report that
predicts 171 million pieces of wearable tech will be shipped in
2016. (See page 14). The fashion tech startup space continues to
mature, as Retail Me Not filed for their IPO and newer companies
make headlines (AHALife made an acquisition and our client
Olapic raised $5M – see page 30).
Summer has really heated up the B2B world, as both JOOR and
Balluun made big raises last month. I’ve been saying for six
months now that the fashion B2B space is a smart place for
companies to make their investments, and I can’t wait to see how
these (and other new players) make the world of fashion
wholesale a smarter place to be.
Enjoy the last month of sunshine, and we’ll see you next month!