CALA Raises $3M Seed Extension To Help Launch Fashion Brands
Summary
McKinsey & Co. reported in April that if stores remained closed for two months, it anticipates “80 percent of publicly listed fashion companies in Europe and North America will be in financial distress.” “We see the next wave of commerce coming from those who have been nurturing their own audiences and want to create a brand they care about,” he said. Sune Stilling, head of growth at Maersk, said in a written statement that CALA’s technology enables the next generation of influencers to bring their fashion brands to reality. Over the next six months, CALA will build a network of contractors in which it can continuously send out projects, enabling them to work on both small and large brands—wherever they have the best fit, Wyatt said. Last week, Los Angeles-based Scalefast announced it had raised a $22 million Series B round of funding Tuesday to help brands launch an e-store in as little as 15 days. In May, San Diego-based Ecwid, a software-as-a-service e-commerce company that provides online selling solutions for small businesses and enables them to establish a digital storefront in a matter of hours, said it raised a $42 million round of funding.