Sustainable fashion venture GlamCorner bags Series B funding

Clothing rental venture GlamCorner has announced a $12 million Series B funding round involving Treis, Airtree Ventures, Giant Leap Fund, Marshall Investments and Partners For Growth.

The cash will allow GlamCorner to move to a fulfilment centre five times bigger than its current home, develop an app, boost its fulfilment automation systems, and expand its inventory from 28,000 pieces of clothing to 60,000.

Today we are launching our rental services partnership with @DavidJonesStore. This marks an important milestone for GlamCorner and the sustainable fashion industry. Visit our Pop Up store at David Jones Elizabeth Street Sydney or rent online at https://t.co/VJ4K5Efxz2. pic.twitter.com/09GIF5MSPW

— glamcornerau (@glamcornerau) October 16, 2020

“Our $12 million Series B marks an important milestone on our mission to revolutionise the way fashion is consumed and we’re proud of the truly meaningful and positive contribution our company and team are making towards achieving this,” Dean Jones, Co-founder and CEO, said in a LinkedIn post.

“A very big thank you to our amazing customers, team and investors for sharing our vision to be every Australian woman’s endless online wardrobe. We’re very excited for what’s to come!” he added.

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