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DTC luxury fashion brand Me+Em raises $73M

Kate Middleton, the Duchess of Cambridge, is attired in a black hat and coat as she receives white flowers from a young girl in a black and red coat.

The Duchess of Cambridge, Kate Middleton. Photo: Getty Images

Me+Em, a London-based direct-to-consumer luxury fashion brand, has raised £55 million (or nearly $73 million) in a round led by Highland Europe, the company announced.

  • It joins existing investors Charles Dunstone, the executive chairman of TalkTalk, and Venrex Investment Management.

Why it's the BFD: Me+Em is one of those rare apparel labels that have managed to attract a large amount of venture capital by figuring out how to sell high-end clothes online while achieving triple-digit growth in the process.

Of note: It counts Kate Middleton, the Duchess of Cambridge, as one of its regular customers.

Between the lines: Demand in the U.S. has spurred Me+Em to open stores in New York and Boston.

  • The label is also ramping up expansion in Australia, the Middle East, Canada, Switzerland and Hong Kong.
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