Fashion design software venture Browzwear raises $35m
Browzwear, a provider of 3D digital solutions for the fashion industry, has closed a $35 million funding round involving Radian Capital.
This is the first institutional financing received by Browzwear.
The Singapore headquartered venture, which was founded in 2012, will use the cash to accelerate product development and market expansion.
“We look to partner with market leaders that have been able to build strong, healthy businesses on their own terms,“ says Weston Gaddy, Co-founder and Partner at Radian Capital.
”A 20 year long overnight success story, Browzwear invented the use of 3D design for apparel and is increasingly being adopted as the design system of record by the largest brands and manufacturers in the industry.”
“The company has done something incredible in getting to that position without outside funding and with impressive, profitable growth.”
“The fashion industry has made great strides toward digital transformation, but there’s so much more we can do. We have an ambitious vision for a future in which systems and tools throughout the ecosystem are connected,” says Avihay Feld, Co-founder and CEO, Browzwear.
“This unification of solutions for the entire value chain is the foundation the industry needs to make digital experiences such as true to life virtual try-ons a reality.”
