LOS ANGELES — Nasty Gal now has former Apple and J.C. Penney executive Ron Johnson in its investor stable.
The Los Angeles-based apparel e-tailer confirmed Thursday it raised $16 million in a Series C round. That follows a $49 million Series B round closed in 2012. The company has now raised $65 million to date.
This story first appeared in the March 2, 2015 issue of WWD. Subscribe Today.
Johnson, who serves as chief executive officer of e-commerce start-up Enjoy, commended Nasty Gal for its “blend of community, fashion and lifestyle” in a statement announcing the close.
“Ron and I worked together at the start of our careers in retail,” said Nasty Gal chief executive officer Sheree Waterson. “He’s an exceptional talent.”
Johnson led the latest capital raise. He joins Waterson, founder and executive chair Sophia Amoruso and Danny Rimer, of existing investor Index Ventures, on the company’s board.
Nasty Gal said it intends to use the money to build its omnichannel growth.
The company delved into the brick-and-mortar space in November with a store on Melrose Avenue in Los Angeles. That’s expected to be followed up in the spring with a Third Street Promenade location, in Santa Monica, Calif.
“Over the past 18 months, Ron has become a valued mentor and friend,” Amoruso said. “I can’t imagine anyone more qualified to support our growth in this next phase. This move will allow him to get significantly involved with Nasty Gal to help us succeed in our next phase of growth.”