TechStyle Fashion Group Valuation, Funding & Investors

TechStyle Fashion Group is valued at $250M as of August 2014.

Last TechStyle Fashion Group valuation

$250M

Series D · Aug 2014

Last TechStyle Fashion Group funding round

$130M

Series E · Jan 2017

Cumulative funding TechStyle Fashion Group raised

$223M

across 3 funding rounds

Key investors in TechStyle Fashion Group

TechStyle Fashion Group Overview

About TechStyle Fashion Group

TechStyle Fashion Group is a Los Angeles-headquartered e-commerce retailer operating subscription-based brands including Fabletics, JustFab, ShoeDazzle, Savage X Fenty, and FabKids. The company ships apparel, footwear, and accessories to customers in the United States, Canada, Europe, and Australia. Launched in 2010, TechStyle leverages data analytics for personalized recommendations and maintains warehouses in California and Nevada. Its portfolio serves millions of active VIP members through direct-to-consumer models emphasizing athleisure and intimates.


Founded

2010

HQ

United StatesLos Angeles, CA

Status

Privately held

Customer focus

B2C

Revenue model

Subscription

Valuation

$250M (Aug 2014)

TechStyle Fashion Group Valuation

TechStyle Fashion Group is currently valued at $250M, based on its Series D in August 2014.

The $38M round included Trinity Capital, Matrix Partners, TCV, Shining Capital and KEC Ventures.

TechStyle Fashion Group valuation by funding round

TechStyle Fashion Group valuation by funding round
DateStageValuation
Aug 2014Series D$250M

TechStyle Fashion Group Funding History

TechStyle Fashion Group has raised a total of $223M across 3 funding rounds.

TechStyle Fashion Group's first fundraising round was a $55M Series C in September 2013. The most recent completed round was a $130M Series E in January 2017.

TechStyle Fashion Group funding rounds

TechStyle Fashion Group funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jan 2017Series E-$130M-TechStyle Fashion Group is an online fashion and membership retail company founded in 2010 by Adam Goldenberg and Don Ressler. Operating under brands including JustFab, Fabletics (co-founded with Kate Hudson), ShoeDazzle, FabKids, and Savage X Fenty (in partnership with Rihanna), the company delivers discount fashion and lifestyle products through a subscription membership model. As of March 2017, TechStyle had raised approximately $250 million across multiple VC rounds since 2011, with earlier major funding including a $33 million Series A in 2011, a $76 million Series B in 2012, a $40 million round in September 2013, and an $85 million round in August 2014 led by Passport Speciality Opportunity Fund that valued the company at $1 billion post-money. In March 2017, the company engaged JPMorgan Chase to explore a strategic buyer, with a prospective acquisition valued at approximately $1.5 billion including debt. By 2023, TechStyle had reportedly generated $500 million in revenue, and the company's valuation had grown to approximately $6.94 billion by the time of later funding rounds, reflecting significant growth in membership base and brand portfolio expansion.
Aug 2014Series DTrinity Capital; Matrix Partners; TCV; Shining Capital; KEC Ventures$38M$250MTechStyle Fashion Group, formerly JustFab Inc., is an online membership-based fashion retailer offering personalized shopping experiences in shoes, handbags, jewelry, denim, activewear, lingerie, and children's apparel across brands like JustFab, ShoeDazzle, FabKids, Fabletics, and Savage X Fenty. In August 2014, operating as JustFab, the company closed a funding round of $85 million led by Passport Special Opportunity Fund, with participation from existing investors Shining Capital, Matrix Partners, and Technology Crossover Ventures. The funding brought total capitalization to $250 million, interpreted here as post-money valuation, used to fuel international growth and new product categories. Prior rounds included $33 million in 2011 from Matrix Partners, $76 million in 2012 from Matrix Partners, Rho Ventures, Technology Crossover Ventures, and Intelligent Beauty, and $40 million in September 2013. The company expanded internationally to Canada, Germany, and the UK post-2012 funding and continued scaling its subscription model offering discounted fashion perks. Subsequent developments include a Series F at $6.94B valuation in November 2019 and total funding of $560.32 million, positioning TechStyle as a key player in direct-to-consumer fashion e-commerce.
Sep 2013Series CShining Capital (lead); Matrix Partners; TCV; Rho Ventures; Intelligent Beauty$55M-TechStyle Fashion Group, formerly JustFab Inc., is an online membership-based fashion retailer offering personalized shopping experiences across brands like JustFab, FabKids, ShoeDazzle, Savage X Fenty, and Fabletics, focusing on shoes, handbags, jewelry, lingerie, activewear, and denim. The business model emphasized data-driven personalization in subscription commerce. In September 2013, the company closed a $40 million third funding round led by Shining Capital, with participation from Matrix Partners, Rho Ventures, Technology Crossover Ventures (TCV), and Intelligent Beauty, aimed at accelerating international growth into Canada, Germany, and the UK, and entering new product categories. Prior rounds included $33 million in 2011 from Matrix Partners and $76 million in 2012 from Matrix, Rho, TCV, and Intelligent Beauty. The company had acquired ShoeDazzle in August 2013, operating it separately.

Who has invested in TechStyle Fashion Group?

7 investors have backed TechStyle Fashion Group across its funding rounds, including Matrix Partners, TCV, Shining Capital, KEC Ventures, Trinity Capital and Rho Ventures.

Lead investors include Shining Capital.


TechStyle Fashion Group Investors

Investors in TechStyle Fashion Group by funding rounds participated
InvestorHQRoundsRoleFirst check
Matrix PartnersUnited StatesBoston, MA2ParticipantSep 2013
TCVUnited StatesSan Francisco, CA2ParticipantSep 2013
Shining CapitalChinaBeijing2LeadSep 2013
Trinity CapitalUnited StatesPhoenix, AZ1ParticipantAug 2014
Rho VenturesUnited StatesNew York City, NY1ParticipantSep 2013

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Investments by TechStyle Fashion Group

TechStyle Fashion Group has invested in 1 company to date.

Latest investment by TechStyle Fashion Group was on August 27th 2019. TechStyle Fashion Group invested in Savage X Fenty in their $50M Series A round.


Latest Investments by TechStyle Fashion Group

Savage X Fenty
Description
Savage X Fenty is a New York-headquartered lingerie and apparel brand launched in 2018, offering inclusive sizing from XS to 4X and shades for all skin tones. Product lines include bras, panties, bodysuits, sleepwear, and activewear, sold via subscription membership and e-commerce. The brand stages annual fashion shows streamed on Amazon Prime, disrupting the intimates market with diverse representation.
HQ CountryUnited States
HQ City
Los Angeles, CA
Deal Date27 Aug 2019
RoundSeries A
Raised$50M
InvestorsMarcy Venture Partners; Polaris Partners; ACME Capital; Avenir; Robyn Rihanna Fenty
Valuationundisclosed
EV/Revenue
EV/EBITDA

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TechStyle Fashion Group Competitors

TechStyle Fashion Group competitors include listed companies like Kogan.com and Bed Bath & Beyond, and private ones like Dolls Kill, bosie, Monos and GIVA.

Public and private companies comparable to TechStyle Fashion Group
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Dolls KillUnited StatesSan Francisco, CAPrivate--$400M-
bosieChinaBeijingPrivate--$412M-
MonosCanadaVancouverPrivate$50M-$150M3.0x
GIVAIndiaBangalorePrivate$87M-$423M4.9x
Kogan.comAustraliaAustraliaPublicly listed$347M($11M)$226M0.6x
Bed Bath & BeyondUnited StatesUnited StatesPublicly listed$1B($73M)$326M0.3x

TechStyle Fashion Group Public Comps

TechStyle Fashion Group is still privately-owned, but its public comps include Delta Plus, HANSAE, Giftee, Honeys Holdings, Mulberry Group, Uxin, Torrid, ebebek, Newegg and Kogan.com.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Delta Plus$449M$67M1.1x1.0x7.1x7.8x
HANSAE$1.4B$108M0.5x0.4x5.9x6.0x
Giftee$91M$20M2.5x2.5x11.7x9.4x
Honeys Holdings$361M$36M0.4x0.5x4.4x-
Mulberry Group$168M$14M1.9x2.0x24.1x-
Uxin$483M($16M)1.1x0.7x(35.0x)(24.9x)
Torrid$1B$91M0.6x0.6x6.9x8.9x
ebebek$569M$37M0.5x0.4x7.2x3.1x

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Common questions about TechStyle Fashion Group

When was TechStyle Fashion Group founded?TechStyle Fashion Group was founded in 2010.
Where is TechStyle Fashion Group headquartered?TechStyle Fashion Group is headquartered in Los Angeles, CA, United States.
Is TechStyle Fashion Group publicly listed?No, TechStyle Fashion Group is a private, VC-backed company.
What is TechStyle Fashion Group's valuation?TechStyle Fashion Group was last valued at $250M in its Series D in August 2014.
How much funding has TechStyle Fashion Group raised?TechStyle Fashion Group has raised $223M across 3 funding rounds.
What was TechStyle Fashion Group's last funding round?TechStyle Fashion Group's last funding round was a $130M Series E in January 2017.
Who are TechStyle Fashion Group's investors?TechStyle Fashion Group's investors include Matrix Partners, TCV, Shining Capital, Trinity Capital, Rho Ventures, KEC Ventures and Intelligent Beauty.
Which companies are comparable to TechStyle Fashion Group?Companies comparable to TechStyle Fashion Group include Dolls Kill, bosie, Monos, GIVA, Kogan.com and Bed Bath & Beyond.
How many companies has TechStyle Fashion Group invested in?TechStyle Fashion Group has invested in 1 company, including Savage X Fenty.
What was TechStyle Fashion Group's last investment?In August 2019, TechStyle Fashion Group invested in Savage X Fenty's $50M Series A alongside Marcy Venture Partners, Polaris Partners, ACME Capital and 2 other investors.

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