Joor, a NYC-based digital wholesale ecosystem company, raised $25M in funding.
The round was led by Brightwood Capital and Tamarix Capital Partners. Existing investors Macquarie Capital, Battery Ventures, and Canaan Partners also participated.
The company intends to use the funds to deliver an enriched platform experience in service of its extensive global network of fashion brands and retailers.
Led by CEO Kristin Savilia, Joor is a provider of wholesale management ecosystem platform, which offers an end-to-end solution for presenting collections, building assortments, placing and managing orders, and handling billing and payment via Joor Pay, an embedded checkout that simplifies and expedites the payment collections process. It allows clients to discover new business partners and drive growth by supporting both in-person and virtual sales via a suite of dynamic tools as well as en enhanced customer service.
With nearly $20 Billion in wholesale transactions processed annually, the technology is used by more than 14,000 brands and 600,000 curated fashion buyers across 150 countries.
The company has partnerships with 30+ global retailers using its retail partner platform including: Harrods, Neiman Marcus, Harvey Nichols, Printemps, Bergdorf Goodman, Shopbop, and Dover Street Market. It has offices in Los Angeles, Philadelphia, Paris, London, Milan, Madrid, Berlin, Melbourne, Tokyo and Shanghai.
FinSMEs
17/10/2023