DTC luxury fashion brand Me+Em raises $73M
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.