Monday, March 5, 2012

Nasty Gal Gains $9M For Online Fashion

Los Angeles-based Nasty Gal, an online fashion retailer which focuses on vintage clothing, said Monday that it has raised $9M in a funding round. The round came from Index Ventures. Nasty Gal is led by Sophia Amoruso, who started the company selling vintage clothing on eBay in 2006; the company says its now had over $28M in revenues in 2011, with revenues increasing around 500 percent each year. The firm said the funds will go towards technology, operations, creative curation, and editorial design. The brand says 35 percent of its sales occur outside of the US, and that it now has over 150,000 customers in 50 countries. More information »

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