Anine Bing Closes $15m Series A Financing Round

Anine Bing, a Los Angeles, CA-based lux­ury fash­ion brand, closed a $15m Series A financing round.

The round was led by Index Ventures, Greycroft Partners and Felix Capital.

The company intends to use the funds for con­tin­ued re­tail ex­pan­sion, dig­i­tal growth, tech­nol­ogy and an­a­lyt­ics to drive con­sumer in­sights and de­ci­sion mak­ing, and per­son­nel.

Started in 2012 by Anine Bing, Founder and Chief Cre­ative Of­fi­cer, and Nico­lai Nielsen, Founder and Chief Ex­ec­u­tive Of­fi­cer, Anine Bing is a lux­ury fash­ion brand in­spired by Scan­di­na­vian sim­plic­ity and Amer­i­can en­ergy.
The house cur­rently has eight re­tail stores in the fol­low­ing lo­ca­tions: West Hol­ly­wood (Los An­ge­les), Soho (NYC), West Vil­lage (NYC), Paris, Lon­don, Berlin, Barcelona, and Madrid. Anine Bing is to open its sec­ond Los An­ge­les store at the Rick Caruso com­plex in the Pa­cific Pal­isades neigh­bor­hood in Sep­tem­ber and is plan­ning to open two more stores in 2018. Sev­eral new ad­di­tional stores will be opened be­fore the end of 2019, with a com­bi­na­tion of in­ter­na­tional and domes­tic lo­ca­tions.

FinSMEs

21/09/2018