Kidbox, a NYC-based personalized kids retailer, secured $15.3M in Series B funding.
The round, which brings the total amount raised to date to $28m, was led by Canvas Ventures, with participation from existing investors Firstime Ventures and HDS Capital and new strategic partners Fred Langhammer, former CEO of The Estée Lauder Companies Inc., and The Gindi Family, owners of Century 21 department stores. In conjunction with the funding, Paul Hsiao, Canvas Ventures General Partner, will be joining the Kidbox’ board of directors.
The company will use the new funds to further expand its data science team as well as to further ramp up customer acquisition.
Led by and Haim Dabah, Founder, and Miki Racine Berardelli, CEO, Kidbox is a kids retailer that leverages proprietary data science and machine learning to create a shopping experience that brings parents and children from newborn to size 14 together to discover personalized styles and start the conversation about the importance of giving back. The company is now featuring over 100 premier brand partners including Adidas, Puma, 7 for all Mankind, Diesel, DKNY, Splendid, and Jessica Simpson.