Thread, a UK-based startup founded in 2012, aims to simplify the daunting task of dressing well. Combining the expertise of stylists with AI, the company offers a personalized shopping experience without any subscription fees. Boasting over 1,000 top global brands, it provides tailored outfit ideas and style advice. The startup has successfully secured a total of £25M in funding, attracting investments from notable figures in tech, AI, and fashion such as Beringea, Balderton Capital, Demis Hassabis, and Mustafa Suleyman (co-founders of DeepMind), as well as other influential investors. In their most recent funding round, Thread received a Series B investment on 24 November 2021, with Rachel Zoe Ventures joining as a key investor. With their innovative approach and strong investor support, Thread is well-positioned to disrupt the e-commerce and fashion industry, offering a unique solution to help individuals enhance their self-confidence and happiness through personal style.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Series B | Unknown | 1 | 24 Nov 2021 | |
Debt Financing | $3.34M | - | 25 Mar 2020 | |
Series B | Unknown | 1 | 20 Nov 2019 | |
Series B | £16.70M | 4 | 16 Oct 2018 | |
Equity Crowdfunding | £2.03M | 1 | Dave Bailey | 16 Oct 2018 |
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