Swedish fashion e-commerce company NA-KD raises $45M Series B
Summary
NA-KD , the Swedish fashion e-commerce company that sells women’s clothes direct to consumers, has raised $45 million in Series B funding.Noteworthy, $5 million of that is secondary investment as some early shareholders, not including the founders or management team, partially cash in.Founded in 2015 by serial entrepreneur Jarno Vanhatapio, NA-KD is an online direct-to- consumer (DTC) fashion brand for women, specifically targeting millennials with “stylish yet affordable clothes”.This, says the company, has seen its second full year of operations achieve a revenue run-rate close to $75 million, growing 150-plus percent compared to 2016.Meanwhile, I’m told the new funding will be used to accelerate the growth of the company as it aims to become a preferred fashion brand for millennials.