Day: March 5, 2021

Reflaunt generates $2.7 million in pre-Sequence A funding


Reflaunt, a disruptive Resale-as-a-Service (RaaS) know-how firm serving to world trend manufacturers go round, has generated $2.7 million in pre-Sequence A funding, led by the funding arm of MadaLuxe Group, a number one worldwide distributor of luxurious trend. With the funds, Reflaunt will add prime expertise to its know-how and enterprise growth groups.

Collaborating traders embody former Jimmy Choo CEO and Coty senior advisor Pierre Denis, Ganni founder and former CEO Nicolaj Reffstrup, Textile Innovation Fund, Piquadro, Bluebell Group and sustainable trend accelerator Trend For Good. Reflaunt is working to offer a wide range of resale fashions to main world manufacturers.

“MadaLuxe continues to spend money on corporations with highly effective and modern applied sciences which have the power to profoundly change their industries and the world,” stated Adam Freede, co-founder of MadaLuxe Group. “By now, the complete trend trade is effectively conscious that sustainability is each a societal and enterprise crucial,” added Sandy Sholl, co-founder and government chair of MadaLuxe Group. “We’re assured that our funding in Reflaunt will ship a major affect culturally and socially.”

The Mills Fabrica, a world techstyle innovation platform and Reflaunt seed investor, elevated its stake within the firm. Reflaunt’s preliminary seed spherical