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Rocket Internet’s Global Fashion Group secures $150m

July 1, 2015

Rocket Internet’s Global Fashion Group has raised $150 million in financing from Kinnevik and Rocket Internet itself. The group was formed last September when Rocket Internet merged five of its fashion e-commerce companies targeting emerging markets. Global Fashion Group previously raised $35 million in April and is now reportedly valued at $3.45 billion. The company also announced it had acquired to Brazil-based fashion startups. Romain Voog, CEO of Global Fashion Group, commented: “The additional capital will give us an exceptionally strong run-way and allow us to capitalize on the massive growth opportunity of fashion e-commerce in emerging markets. In addition, the strategic acquisitions of Kanui and Tricae enable the integration of two great businesses that have a natural fit with our Latin American brand Dafiti and are acquired at attractive terms.”

Sweetgreen, a Washington D.C.-based salad chain, has raised $35 million in funding as it plans to expand across the U.S. T.Rowe Price led the round, with participation from Revolution Growth. Sweetgreen already locations in Boston, New York, L.A. and Philadelphia and is planning more west coast openings in the future. The company also announced plans to launch a mobile app and improve its technology this year.

PubNub, a data stream network for mobile applications, has announced $20 million in Series C funding led by Sapphire Ventures. Existing investors Relay Ventures and Scale Venture Partners also participated. “The coming explosion in growth of IoT devices combined with the existing massive demand for mobile and web realtime interaction represents an extraordinary market opportunity,” said Todd Greene, CEO of PubNub. “Sapphire Ventures brings deep infrastructure expertise, a shared vision and commitment to our company’s global growth and success evidenced by its market development team. We’re excited to work with Sapphire Ventures, Relay and Scale to achieve our vision to connect every device on the planet in real-time.”

HomeHero, a senior home care marketplace, has raised $20 million in Series A funding led by Graham Holdings Company. Social+Capital Partnership, Tencent Holdings Limited and The Launch Fund also participated in the round. The company will use the funds to expand into new markets. “The rapid growth of our business has created a need to scale our team as we expand beyond our Los Angeles launch market into additional cities with large senior populations, like San Diego and San Francisco,” said Kyle Hill, CEO and co-founder of HomeHero. “This funding will allow us to develop the new products and operations we need to grow the company, while still maintaining the excellent service and quality our clients expect.”

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Filed Under: Finance, Investment Round Up, Startups

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