Lyst announces $40m investment round
Posted by Paul Darlison, 30 Apr 2015
April 30, 2015: Lyst, the fashion ecommerce platform, today announced it has raised $40 million in a Series C round of investment from LVMH’s controlling shareholder (Groupe Arnault), Accel Partners (investors in Facebook), Balderton Capital (YOOX Net-A-Porter Group), 14W (Everlane), DFJ Esprit and DFJ (Skype), and a New York based hedge fund.
Launched in 2011 in London, Lyst connects millions of shoppers globally with over 11,000 designers and stores – including:
- Alexander McQueen
- Alexander Wang
- Lane Crawford
- Neiman Marcus
- Saks Fifth Avenue
1 checkout : $400 Average Order Value
Significantly, Lyst was the first to launch a universal cart in the fashion space, enabling shoppers to check out from multiple retailers in a single, unified checkout.
Lyst now generates hundreds of millions in sales for the fashion industry and has grown over 300% year on year for the past three years.
154 countries have shopped on Lyst in the last 3 months
This investment will support Lyst’s continued internationalisation as the universal cart technology is rolled out globally. It will also fuel the company’s growth across its teams in London and New York.
Growth in sales (run-rate) $40M(12 months ago) $150M(today).
“This is an exciting time in our space and we are very proud to be at the centre of it. Our model has grown exponentially in the USA and UK, and this round of funding allows us to take Lyst to fashion consumers around the world. We are already seeing a higher conversion by as much as five times through our universal cart – its widespread adoption by the industry’s leading brands and stores is a testament to the unique platform we have built and the volumes of sales it is
generating.” Chris Morton – Co-Founder & CEO.
Lyst is an innovative way to shop for fashion online that’s used by millions every month. Lyst partners with the world’s greatest fashion designers and stores to provide people with a personalised way to discover the fashion they love. The level of service, intelligence and insight that Lyst provides to its users and partners comes from analysing over 4.5 million points of fashion data every hour – from product changes and user behaviour to sales and active browsing. Lyst has raised $60 million to date, and is backed by range of all-star investors including 14W (Moda Operandi, Reformation), Accel Partners (Facebook, Spotify), Balderton (Yoox Net-A-Porter Group), DFJ Esprit and DFJ (Skype), and the teams behind LVMH, Michael Kors, Oscar de la Renta, and Tory Burch.
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Fluidic Analytics Secures £1.56 Million to Develop New Protein Characterisation Technology
Posted by Paul Darlison, 12 Jan 2015
London and Cambridge, 12 January 2015 – Fluidic Analytics Limited, a spinout from the University of Cambridge, has raised £1.56 million (US$2.4 million) in a Series A financing led by Cambridge Enterprise and including DFJ Esprit, IQ Capital, Parkwalk Advisors and Amadeus Capital Partners as co-investors.
Fluidic Analytics has developed a proprietary technology to characterise proteins in a rapid, accurate and cost-effective manner. The technology is based on research conducted at the University of Cambridge and has high-value applications including identifying markers that indicate the onset of diseases in the human body.
In contrast to DNA, whose sequence provides information on the likelihood of developing a disease at some point in life, proteins provide real-time information on the actual, current disease state of the body. Real-time information on disease states is widely seen as the key to timely, effective medical treatment .The global market for protein-based medical-diagnostic tools exceeds three billion dollars annually.
Fluidic Analytics was founded in 2013 by Dr Tuomas Knowles of the University’s Department of Chemistry. The company’s executive team is headed by serial entrepreneur Andrew Lynn, who previously led University spin-outs Orthomimetics and CamGaN to acquisitions in 2009 and 2012, respectively. Experienced life-sciences financier and director Anthony Colletta chairs the board of directors, which also includes corporate-finance and tax expert Colin Hailey as an independent non-executive director.
Commenting on the investment, Fluidic Analytics CEO Dr Andrew Lynn said: “This financing will enable Fluidic Analytics to bring its first product swiftly to market and also allow us to make significant progress to capitalise on some of the exciting pipeline opportunities that our customers have helped us to identify. To welcome such a strong consortium of investors is a tremendous asset for our company’s long-term future”.
“Fluidic Analytics is an exciting example of the new generation of companies that can transform healthcare from being a data-poor industry to a data-rich industry,” said Vishal Gulati, DFJ Esprit, “Their novel and proprietary technology has the potential to make high-throughput protein analytics a reality. The availability of rapid, inexpensive and real time protein identification and analytics could make a dramatic difference in the way we maintain health and treat disease.”
“Fluidic Analytics perfectly illustrates how a University of Cambridge spinout supported by Cambridge Enterprise can merge the work of academics, entrepreneurs and early stage investors to bring potentially world-changing technology to market,” said Bradley Hardiman, Investment Manager at Cambridge Enterprise, the commercialisation arm of the University of Cambridge.
Vishal Gulati and Bradley Hardiman will join the Fluidic Analytics Board of Directors.
Advisors for this transaction were Bracher Rawlins LLP, Confluence Tax LLP and Taylor Vinters LLP.