Round-up of Funding: Skimlinks, Spreadshirt, welikefashion
As six promising start-ups are getting ready to pitch tonight at thenextwomen event, three others don't have to pitch for a while; Skimbit, Life on a Shirt, welikefashion..they all defied the recession by ensuring the financial survival of their companies.
Skimlinks has announced its first round funding. The company, run by founder and CEO Alicia Navarro (picture) has attracted investment led by Sussex Place Ventures with participation from UK government body NESTA, The Accelerator Group, and Angels Duncan Jennings (eConversions) and Alex Hoye (Latitude Group). The amount of funding was undisclosed but Techcrunch reports it to be in the region of £700,000.
Skimlinks helps media monetise the traffic they sent to other sites. The service is currently free to use, and Skimlinks takes a small cut of the commissions earned by the website publisher.
Announced a €10 million investment. Its second round of finance is provided by Accel and Kennet Partners. Spreadshirt is a service that lets individuals and companies design their own shirts or pick other people's design for one. It also allows individuals to have their design available to others in the shop and allows partners to stock their own webshops with its shirts. Spreadshirt is run by female CEO Jana Eggers, who used to managed Quickbase at Intuit, an online platform which helps teams work together. Only a month ago she stated that Spreadshirt did not make as much profit as hoped for; instead of the intended 50 to 80% profit, they made 40.
Also announced new investment. Welikefashion is an online shop that sells the clothes as seen on celebrities. It sells accesories, women's clothing and jewelry. Dutch investors Tromp and Aan de Stegge, the latter a businesmen who earned his money when selling dutch telecom provider Telfort, are looking at growing the company internationally. Welike fashion intends to compete with online shops like Net-a-Porter and Asos.
Want to know more about last year's round-up of funding and exits? Here is the overview.
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