8 years ago
Highsnobiety Raises $8.5M to Expand Its Fashion and Culture Empire
Highsnobiety, a fashion and culture platform attracting over 9 million visitors monthly, has secured $8.5 million in funding led by UK-based VC Felix Capital
The investment will be used to expand Highsnobiety's reach into new digital media verticals and capture more data and analytics
Highsnobiety has seen significant growth in recent years, with a 100% year-over-year increase in revenue for the past three years and an employee base that has expanded from 15 to over 100 across its offices in New York, London, and Berlin
Founder David Fischer believes that the market for streetwear and menswear is exploding, particularly among millennials and Gen Z
The funding will allow Highsnobiety to continue its growth trajectory, expand into new markets, and strengthen its content studio and advertising model.
ProblemMedia and Entertainment
"Millennial and Gen Z males are difficult to reach, even with social media, and are increasingly interested in streetwear and menswear, creating a growing market for content focused on these topics."
Solution
"Highsnobiety is a media company that produces content focused on streetwear, menswear, and high fashion, attracting a large and loyal audience of young, affluent males. It is investing in new technology and digital media to further expand its reach and content offerings."