Home / Knowledge / News / Apparel/Garments / Online fashion wholesaler Joor raises $15mn funding
Online fashion wholesaler Joor raises $15mn funding
29
Jul '13
JOOR, the first and leading online wholesale fashion marketplace that connects more than 600 brands and 40,000 retailers, announced it has raised $15 million in Series B funding. The financing round was led by Canaan Partners, with participation from Advance Publications, parent company of Conde Nast and its Fairchild Fashion Media division and existing investors Battery Ventures, Forerunner Partners, and Lerer Ventures.

The investment will be used to further expand the company's global footprint. JOOR will increase investments in technology and sales infrastructure, to fuel growth momentum and maintain its market-leader position. To date, JOOR has raised more than $20 million in capital. 

"JOOR has established clear leadership in bringing disruptive innovation to one of the largest markets in the world, namely the $350 billion luxury fashion market," said Dan Ciporin, general partner at Canaan Partners. "Through its unique online marketplace platform, JOOR enables leading luxury fashion brands on an exclusive basis to connect seamlessly to any retailer anywhere.  JOOR is a great fit for Canaan's marketplace strategy, and we are tremendously excited and proud to be part of the JOOR growth story with this investment."

Added Gina Sanders, president and CEO of Fairchild Fashion Media, a division of Conde Nast, "JOOR's ability to digitally connect brands and retailers will be, we believe, transformational for the global fashion industry. We are excited to be collaborating with the platform to help bring its vision and services to a larger audience."

The JOOR platform connects brands and retailers in the luxury and high-end contemporary space, including rag & bone, 3.1 Phillip Lim, McQ by Alexander McQueen, See by Chloe, Net-a-Porter, Barneys and Lane Crawford. Using the JOOR website and its mobile applications, brands can quickly upload their collections and connect with buyers, receive real time analytics and projections and eliminate paperwork and manual data entry.

"We are committed to maintaining our market-leader position as the de facto platform for luxury brands and retailers to transact," said Mona Bijoor, JOOR CEO. "JOOR is eager to move into new international markets and expand our team to further support our sales and technology infrastructure."

About JOOR

JOOR, the first and leading online wholesale fashion marketplace, brings the entire buying process for retailers and designers into one sleek, sophisticated platform. Using the JOOR website, iPad app, and upcoming iPhone app, brands and retailers can easily connect with one another, anytime, anywhere.

Brands can upload their entire line quickly and easily, and buyers can browse all of the latest linesheets and select their desired merchandise much as they would purchase an item from an e-commerce store. There are currently more than 600 brands and 40,000 retailers using the JOOR platform, including rag & bone, 3.1 Phillip Lim, McQ by Alexander McQueen, See by Chloe, Net-a-Porter, Barneys and Lane Crawford.

JOOR


Must ReadView All

Coats acquires yarn manufacturer Patrick Yarn Mill

Textiles | On 12th Dec 2017

Coats acquires yarn manufacturer Patrick Yarn Mill

Coats, the world’s leading industrial thread manufacturer, has...

India’s garment imports from Bangladesh up 56% post-GST

Apparel/Garments | On 12th Dec 2017

India’s garment imports from Bangladesh up 56% post-GST

India has imported $87.4 million worth of readymade garments from...

Courtesy: Badger Sportswear

Apparel/Garments | On 12th Dec 2017

Badger Sportswear acquires Alleson Athletic

Badger Sportswear, a leading manufacturer of athletic apparel and...

Interviews View All

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Urmil Arya

Sushila International, a well established textile organisation established ...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

December 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search