7 years ago

Thread Raises $22 Million in Series B Funding to Expand AI and Branding

  • Thread, a London-based online menswear personal styling platform, has raised $22 million in Series B funding

  • The round was led by Balderton Capital, Beringea, Forward Partners, and H&M Group’s investment arm H&M CO:LAB

  • Thread intends to use the funds to expand its AI team and grow branding efforts

  • Founded in 2012, Thread provides men with an online platform that combines expert stylists with AI to find and buy clothes, and receive tailored recommendations, without trying the items up

  • The company has partnerships with several fashion brands and employs approx

  • 100 people with over 1 million users.

      • ProblemFashion

      "Finding the right clothes for men is a difficult and time-consuming process. It's hard to know what looks good on you, what fits well, and how to find clothes that match your style and budget. You might have to try on dozens of clothes before finding something you like, and even then, it's not always guaranteed to fit or look good on you."

      Solution

      "Thread provides an online platform that combines expert stylists with AI to find and buy clothes for men. The service offers tailored recommendations based on your style, budget, and body type, and it eliminates the need to try on clothes before you buy them. You can order your clothes online and have them delivered to your door, and if you're not happy with them, you can return them for a full refund. "

      Covered on