Fashion retailer bags $9m
Online clothing retailer my-wardrobe.com has received a $9m (£5.9m) boost from Balderton Capital.
The business was founded just four years ago by Sarah Curran, who will remain the majority shareholder.
The funding will be used to invest in more stock and to expand the current product ranges.
My-wardrobe.com specialises in discounted designer goods from the likes of Chloe, Vivienne Westwood and Mulberry.
The firm has fared well in the wake of the financial crisis and Balderton believes it has room to expand in the fiercely competitive online fashion market.
It saw an astonishing 121 per cent surge in sales last December. Founder and chief
executive Sarah Curran said the company would break even in its financial year, which ends at the end of the month and claimed it would make a profit next year.