NA-KD, a Swedish fashion e-commerce company, closed $45M in Series B funding.
The round was led by Partech with participation from existing investors Northzone, eEquity, Jonas Norlander and Filip Engelbert (Avito founders) and US-based FJ Labs.
The company will use the funds to accelerate growth, with the launch of 9 new localized sites in the coming months, hire talent, and develop collection collaborations with worldwide social influencers.
Founded in 2015 by serial entrepreneur Jarno Vanhatapio, NA-KD is a global online direct-to-consumer (DTC) brand for women provides millennials with stylish yet affordable clothes, mainly marketed through social influencers.
Launched in January 2016, the company has an annual revenue run rate of SEK600M ($73M). The websites had 50 million visitors in 2017. The majority of the sales are from NA-KD.com and the own brands, such as NA-KD Trend and NA-KD Boho, designed in-house. NA-KD the brand is also represented by over 300 retailers across the globe and is listed on Zalando.