We’re excited to announce a successful funding round that has raised $12 million to back Anatwine’s technological innovation in the online fashion, apparel and sports wear environment.
The investment is a result of our huge annual like for like revenue growth of 421%; with current growth at an incredible 44% month on month increase in sales. The opening of our New York based office is also already playing a part in our success, with the first three months alone seeing the US team build a pipeline of 40 of the biggest US-based retailers and brands!
Since Anatwine was founded in 2013, we have successfully signed and on boarded many of the world’s top 200 fashion, apparel and sports wear retailers, including Adidas, Zalando, NEXT, Harvey Nichols, Reebok, House of Fraser, M&S and Superdry, to name a few. Renowned French national sports newspaper and media company L’Équipe Group and extensive online fashion retailer Fashion Days are the latest international industry names to join our global online fashion network.
Sir Terence Leahy, ex-CEO, Tesco, and our Non-Executive Director, commented: “Anatwine is transforming the fashion, apparel and sports wear retail model across the world and the latest funding is testament to that. The work that Anatwine is doing is truly phenomenal when you look at the way they are helping brands and retailers to forecast increases in revenue of hundreds of millions of pounds.” He continues: “The latest funding will allow Anatwine to accelerate this initiative even further and expand the capabilities of its already innovative platform and the technical capabilities it is able to offer the online fashion industry.”
As part of the funding closure, Zalando has also increased its minority shareholding in Anatwine. David Schneider, Co-founder and Co-CEO, Zalando, said: “We’ve been working closely with Anatwine for several years already. The increase in our shareholding highlights once again our trust and belief in the strength of the Anatwine team and its technical capabilities. Our joint vision is to enable the digital business strategy of brand partners, to connect all the stock available and to create a relevant experience for customers. The deepening of our strategic partnership will see both our companies accelerate their individual growth strategies.”