News English — Fundraising

Fabric cuts 40% of staff Fabric recently announced it was laying off 40% of its staff and changing its business model (source). STIQ has tracked Fabric for a few years and this is our view of the announced changes: FABRIC: Website | LinkedIn | Crunchbase | YouTube | WarehouseAutomation Fabric was founded in Israel in 2015 under the name "Commonsense Robotics". In 2019, the company changed its name to Fabric (source).   (formerly known as) The original business model appeared to target grocery customers with fulfilment equipment with Fabric operating as a vendor of material handling equipment. A lack of traction among grocery customers may have...

A review of Noah Conference London, Oct 30-31, 2018. A list of retail technology companies looking for funding. Some of which may be looking at an IPO in 2019 (Farfetch presented at the conference in 2017 and IPO'd in 2018!).

Asos are looking for two brands to win £50,000 and a chance to be nurtured by the very best in online fashion. If you run your own brand get over to http://www.asos.com/fashion-discovery/ immediately as the deadline for applying is June 19th, 2016!

In May 2016 Thread.com raised £4m from Balderton Capital and Beringea. The company has raised £10.67m in total since 2013. Thread Online Ltd (owned 100% by Thread Inc) was incorporated in the UK in 2012 and is a styling advice ecommerce retailer targeting men and women. At the moment the service is only live in the UK. Style advice is based on algorithm output based on some 10-20 questions that you need to answer before opening an account. Some of the questions include which brands you like, what you normally pay for a list of 10+ different garments, your measurements...

Image: Solar Shirt with thin-film solar cells by Pauline van Dongen. Blue sun screens by Mykita.Transparent latex „Algae Coat“ by SteinRohne Fashion Fusion is an ideas competition aimed at encouraging creative minds from fashion and technology to team up, engage and challenge the fashion status quo with groundbreaking concepts. Be part of the Fashion Fusion Challenge by applying with your idea or concept – individually or as a team. Selected talents will have the opportunity to further develop their submitted projects with professional equipment and the support of our experienced coaches in the Fashion Fusion Lab. Access our network of...