Lyst: Raises £60M in Funding

  • Lyst, a London, UK-based fashion shopping platform, raised $85m in funding
  • Backers included Fidelity International, Novator Capital, Giano Capital and C4 Ventures, and earlier investors Draper Esprit, 14W, Accel, Balderton Capital, Venrex and LVMH
  • The company, which is reportedly pursuing a public listing next year, intends to use the funds to continue to expand operations and its business reach
  • Lyst provides a fashion shopping platform that lets users to buy clothes and accessories from thousands of online stores
  • The company works as an inventory-free platform and leverages a proprietary data engine to give customers a really personalized shopping experience
  • The company also appointed Mateo Rando as CPO, joining from Spotify, and promoted Emma McFerran to COO, who was previously Chief People Officer & General Counsel
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

Talucard Empowers Visually Impaired with New Biometric Card

Innovative solution enhances accessibility for the visually impaired community.Highlights: Talucard introduces a biometric card tailored for the visually...

Wero Strengthens Online Payments with Launch in Belgium

New platform aims to enhance e-commerce transactions in Belgium.Highlights: Wero has officially launched its online payment platform in...

Stablecoins Could Restrict Monetary Policy, Warns ECB

European Central Bank raises concerns about stablecoin impacts on financial systems.Highlights: ECB cautions about potential risks posed by...

Klarna and Stripe Strengthen BNPL Payments With AI Collaboration

New partnership aims to enhance buy now, pay later services through AI technology.Highlights: Klarna and Stripe team up...