How Much Did Italic Raise? Funding & Key Investors

Italic offers luxury goods at more affordable prices by meticulously sourcing the best artisans to create high-quality products. The platform features a variety of product categories including women's and men's fashion, premium eyewear, and home essentials.

Italic emphasizes craftsmanship, design, and service, aiming to provide a sophisticated and elevated customer experience. Keep reading to explore the intricacies of Italic's fundraising journey and the investors backing this innovative platform.

What Is Italic?

Italic is an e-commerce platform specializing in luxury goods at discounted prices by sourcing directly from manufacturers. The company operates within the luxury goods and fashion industry, offering a wide range of products including clothing, accessories, and home goods.

Italic emphasizes high-quality craftsmanship, timeless design, and excellent customer service. By cutting out the middleman, they provide significant discounts compared to traditional retail prices, making luxury more accessible to a broader audience.

How Much Funding Has Italic Raised?

1. Seed Round
   • Amount Raised: $1.2 million
   • Date: June 2018
   • Lead Investors: Comcast Ventures
2. Series A
   • Amount Raised: $13 million
   • Date: October 2019
   • Lead Investors: Index Ventures
3. Series B
   • Amount Raised: $26 million
   • Date: March 2021
   • Lead Investors: Chernin Group

Italic has raised a total of $40.2 million in funding.

Key Investors

• Comcast Ventures
  • Details: Comcast Ventures is the venture capital arm of Comcast Corporation, focusing on investing in innovative companies. They provide strategic support and resources to help startups grow and succeed.
  • Investment Focus Areas: Media, technology, consumer products
  • Notable Investments: Nextdoor, Houzz, FanDuel
• Index Ventures
  • Details: Index Ventures is a global venture capital firm that partners with entrepreneurs to build transformative companies. They have a strong track record of investing in early-stage and growth-stage companies.
  • Investment Focus Areas: Technology, healthcare, financial services
  • Notable Investments: Dropbox, Slack, Robinhood
• Chernin Group
  • Details: The Chernin Group is a media holding company that invests in and builds leading media, technology, and entertainment businesses. They focus on creating long-term value through strategic investments.
  • Investment Focus Areas: Media, technology, entertainment
  • Notable Investments: Barstool Sports, Headspace, The Athletic
• Global Founders Capital
  • Details: Global Founders Capital is a globally oriented venture capital firm that supports founders in building market-leading companies. They have a diverse portfolio across various industries.
  • Investment Focus Areas: E-commerce, fintech, software
  • Notable Investments: Facebook, LinkedIn, Revolut
• Goodwater Capital
  • Details: Goodwater Capital is a venture capital firm dedicated to investing in consumer technology companies. They aim to support entrepreneurs in creating innovative products and services.
  • Investment Focus Areas: Consumer technology, mobile, social media
  • Notable Investments: Musical.ly, Stash, Weee!

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