Online fashion shopping site Spring has secured a $65 million Series C round.
The latest round was led by Fidelity Investments and included previous investors such as Groupe Arnault, Thrive Capital, Yuri Milner and BoxGroup. Spring, which operates the site Shopspring.com, so far has raised in the aggregate $105 million.
Spring said the investment would enable the company to grow and increase efforts in customer marketing, brand partnerships and team development. The company recently added Robert Willey as chief marketing officer and Gillian Gorman Round as chief operating officer.
Alan Tisch, Spring’s founder and chief executive officer, “Our mission continues to be to deliver the most personalized, convenient and inspirational shopping experience in partnership with our community of [more than] 2,000 brands.”
Brands sold in the site have included Stella McCartney, Alexander Wang, Tory Burch, Diesel, Aldo and Abercrombie & Fitch.
He launched the company in 2014. Spring said the company saw new customers rise more than seven times in 2016, and that revenues grew nine times over 2015.
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