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UKRAINE – STARTUP AND
TECHNOLOGY NEWS

DressX, a retail platform for digital clothes, raises an additional $1.3M

DressX, a startup developing a platform for digital clothes, has raised additional funding as part of a seed round.

  • According to the co-founder of the project Daria Shapovalova, DressX raised another $1.3 million.
  • The fresh funding brought DressX’s total amount raised to $3.3 million.
  • After July’s $2 million round led by The Artemis Fund and Alpha Edison, this $1 million funding comes from partners in the fashion, tech and blockchain industries, as Yahoo reports.

“We are are thrilled to invest in DressX. It is a revolutionary startup, and we are convinced that it will not only create a new movement in the fashion industry but will play a great role in making the world more sustainable,” said Jaroslawa Z. Johnson, president and CEO of Western NIS Enterprise Fund, the fund behind U.Ventures, one of the new investors who participated in the new funding round.

  • The startup team plans to use the fresh injection of funds to scale and develop sales across multiple channels.

“We are proud to partner with The Artemis Fund, Alpha Edison and all our investors to scale the company. Extremely happy with the fact that we received an additional follow-up investment from U.Ventures and other strategic investors from various industries. Digital fashion industry is moving fast and it’s great to see that more and more stakeholders believe in this new domain that is already changing the fashion industry at a scale. Every day, we are getting closer to our aim of selling 1 billion digital fashion items,” comments Daria Shapovalova, CEO and co-founder of DressX.

The platform for digital clothes DressX was launched by two Ukrainian women, Daria Shapovalova and Natalia Modenova, in the United States in 2020. On the platform, you can choose and purchase custom-fitted digital clothes. DressX also offers a subscription model.

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