Nasty Gal founder Sophia Amoruso just raised venture funding for her new company
Summary
Sophia Amoruso famously founded the retailer Nasty Gal , growing it from an eBay store that sold vintage items to a darling of the fashion world that was seeing more than $300 million in sales at one point.After raising $65 million over its 10 years of operation — including from Index Ventures and renowned retail executive Ron Johnson — the company last November filed for Chapter 11 bankruptcy protection, in part to address “immediate liquidity issues.”Lightspeed’s interest in Girlboss isn’t surprising, given the many e-commerce brands it has supported previously, including early bets on The Honest Company, Stitch Fix and Snap.The Girlboss brand began as a best-selling book about the founding of Nasty Gal and Amoruso’s business philosophies, and was later adapted by Netflix into a show that launched this year.She likens the model to at-home fitness classes hosted by the New York-based company Peloton , which offers cloud-based live streaming of its instructional cycling exercise content on a console that’s equipped with social elements.