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Online marketplace Immaculate Vegan raises £400,000 in first round of funding

YarnsandFibers News Bureau 2021-07-22 08:12:24 – None

Online vegan fashion marketplace, Immaculate Vegan Ltd, has successfully closed its first funding round, earning 400,000 pounds to fuel future development.

Immaculate Vegan, which was launched in 2019, sells only 100% vegan fashion, beauty, and lifestyle items from over 100 brands, including Gunas New York, Collection And Co, Nina Rein, Taiyo, and Gentleberg. Its primary target markets are the United Kingdom, the United States, and Europe.

Annick Ireland, the founder of Immaculate Vegan, said that she was delighted with the fundraising round's conclusion and that it will help the company go to the next step. They're already seeing a significant rise in customer desire for ethical and ecological alternatives that are still beautifully made, high quality, and trendy, and Immaculate Vegan perfectly fulfills that need.

Immaculate Vegan has tripled its revenue year over year to year, with the second quarter of 2021 being the best ever.

This first round of investment will be used to support large-scale digital marketing initiatives to promote new user acquisition, as well as platform and customer experience development. SFC Capital, Bran Investments, Edwin Goodman, and Beyond The Polaris were among the investors.

Rohallah Ghasemi, SFC Capital’s investment executive, said that Immaculate Vegan fills a market need for a trustworthy marketplace with handpicked items. Brands and manufacturers are quickly replacing their product lines with more sustainable alternatives, particularly in the beauty and fashion industries. Immaculate Vegan has grabbed this opportunity, and they are delighted to be supporting their fantastic staff as they continue to expand.

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