Anine Bing, a Los Angeles, CA-based luxury fashion brand, closed a $15m Series A financing round.
The round was led by Index Ventures, Greycroft Partners and Felix Capital.
The company intends to use the funds for continued retail expansion, digital growth, technology and analytics to drive consumer insights and decision making, and personnel.
Started in 2012 by Anine Bing, Founder and Chief Creative Officer, and Nicolai Nielsen, Founder and Chief Executive Officer, Anine Bing is a luxury fashion brand inspired by Scandinavian simplicity and American energy.
The house currently has eight retail stores in the following locations: West Hollywood (Los Angeles), Soho (NYC), West Village (NYC), Paris, London, Berlin, Barcelona, and Madrid. Anine Bing is to open its second Los Angeles store at the Rick Caruso complex in the Pacific Palisades neighborhood in September and is planning to open two more stores in 2018. Several new additional stores will be opened before the end of 2019, with a combination of international and domestic locations.