Nasty Gal Secures $40 Million
August 28 2012Nasty Gal, the global e-tailer for fashion-forward girls, today announced that Index Ventures has completed a $40 million Series B investment in the company out of its growth fund. Danny Rimer of Index Ventures has joined the company’s board.
The funding, which brings total investment to date in Nasty Gal close to $50 million, will allow Nasty Gal to further invest in technology, operations, manufacturing, and creative production as the company prepares to expand its global footprint. In addition, the company has opened a 500,000 square foot fulfillment center in Louisville, KY, and plans to move into 50,000 square feet of office space within the next six months.
"Until Nasty Gal, we hadn’t seen a fashion retailer with such a deep understanding of social commerce,” explains Danny Rimer, a Partner at Index Ventures. “Sophia Amoruso is a very talented and thoughtful leader, and is demonstrating a new way for retailers to communicate with their customers. We are very happy to further invest in Nasty Gal and we look forward to expanding the scope of what the company is able to accomplish."
Ranked number one as Inc. 5000’s fastest growing retailer in the country, Nasty Gal continues to rapidly expand its international cult following with more than 350,000 customers in over 60 countries, through its 470,000 Facebook fans, 57,000 Twitter followers, 321,000 Instagram followers, and a growing base of Pinterest users. The business has grown over 10,000% in the past three years.
Index Ventures has made similar growth-stage investments in companies including Net-a-Porter, ASOS, and Etsy.
“Funding from Index provides us with the opportunity to continue to grow Nasty Gal from the inside out,” said Sophia Amoruso, CEO and Founder of Nasty Gal. “We’re excited to continue to evolve the Nasty Gal experience. This funding gives us the ability to stretch creatively while continuing to explore new and unique ways to connect with our customers. Capturing the opportunity internationally is extremely important to us as we continue on this awesome trajectory.” Back to top