×
337
Fashion Jobs
H&M
Business Expert in Inclusion & Diversity to h&m Group Business Tech
Permanent · Stockholm
H&M
Product Owner – Gift Card Experience
Permanent · Stockholm
H&M
CRM Specialist E-Mail And Push
Permanent · Stockholm
H&M
Product Owner to Payments Area
Permanent · Stockholm
H&M
Project Leader to Business Unit Menswear
Permanent · Stockholm
H&M
Product Owner – Mobile Devices in Store
Permanent · Stockholm
H&M
Business Expert to Digital Product Data Carriers
Permanent · Stockholm
H&M
Product Owner Within Topdown Planning Regions And Markets to h&m Group
Permanent · Stockholm
H&M
Talent Acquisition Partner to Business Tech – h&m Group
Permanent · Stockholm
H&M
Global Head of SEO
Permanent · Stockholm
H&M
Product Owner to Customer Engagement Area at h&m
Permanent · Stockholm
H&M
Senior Data Analyst to Allocation Precision Team to Business Tech
Permanent · Stockholm
H&M
Team Responsible Operational Purchasing
Permanent · Stockholm
H&M
HR Specialist With Focus on HR Analytics to Business Tech HR
Permanent · Stockholm
H&M
Agile Program Manager Within Supply Chain
Permanent · Stockholm
H&M
Sustainability & Quality Manager to h&m Beauty
Permanent · Stockholm
H&M
Technical Product Owner to Integration And Api Enabling Team
Permanent · Stockholm
H&M
Business Expert / Legal to Checkout at h&m
Permanent · Stockholm
H&M
Competence Lead Data Analyst For Core Customer Assets @h&m Business Tech
Permanent · Stockholm
H&M
Logistics Project Manager
Permanent · Stockholm
H&M
HR Partner & Project Manager With a Focus on People Data And Analytics to h&m Online Sales
Permanent · Stockholm
H&M
Business Expert to Applications & Packaging Product Team, h&m Group
Permanent · Stockholm
Published
Jun 8, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Sequoia Capital invests in Canada's Ssense, values firm at C$5bn+

Published
Jun 8, 2021

Canadian e-tailer and tech platform Ssense has received a major funding boost with investment firm Sequoia Capital taking a minority stake in a deal that values the business at more than C$5 billion.


Bassel, Firas and Rami Atallah of Ssense



The company, which specialises in high-end fashion and streetwear, said it’s the first round of external funding in its 18-year history and will help it to further accelerate its growth globally, and especially in China.

Neil Shen, Steward of Sequoia Capital, and Founding and Managing Partner of Sequoia Capital China, said that “under the leadership of brothers Rami, Firas, and Bassel Atallah, Ssense has emerged as one of the leading online fashion platforms connecting brands with Millennials and Gen Z consumers around the world. Sequoia is excited to support Ssense in its continued global expansion and China acceleration. The partnership represents another solid step in our efforts in supporting the fashion industry’s digitalisation, backing visionary founders to transform and elevate the global fashion e-commerce experience to a new level.

Following the transaction, Angelica Cheung, Venture Partner for Sequoia Capital China, will join the Ssense board.

Co-founder and CEO Rami Atallah described the new shareholder as “a like-minded partner who shares our belief in pushing boundaries as we advance in our next stages of growth”.

The news comes at a time when fashion may have been battered by the pandemic, but forward-looking fashion businesses remain hot properties. Coming on the same day that the roughly €4 billion valuation for the About You IPO was announced, that fact is very clear. 

Fashion-linked firms with a powerful USP and a forward-looking strategy have been much in demand of late. Recent successful IPOs have include Dr Martens, ThredUp, InTheStyle and Mytheresa. And high-profile investments or acquisitions have included Birkenstock, Goat Group, Depop, Vinted, and StockX.

Copyright © 2021 FashionNetwork.com All rights reserved.