Sundar, a NYC-based global platform for sourcing materials for the apparel industry, raised $1.3m in seed funding.
The round was led by New Enterprise Associates with participation Techstars Ventures, Correlation Ventures and some angel investors.
The company intends to use the funds to develop its product roadmap as well as build up the sales, marketing and engineering teams.
Led by founder and CEO Jag Gill, Sundar operates a SaaS-enabled global sourcing platform which connects textile mills and materials suppliers to clothing manufacturers, fashion brands and designers, enabling global discovery and sourcing.
Conceived at the Massachusetts Institute of Technology, the company was part of the New York Fashion Tech Lab.
FinSMEs
15/12/2015