Want to master the CMO role? Join us for GrowthBeat Summit on June 1-2 in Boston
, where we'll discuss how to merge creativity with technology to drive growth. Space is limited and we're limiting attendance to CMOs and top marketing execs. Request your personal invitation here
Renzo Rosso, the founder of clothing company Diesel, has just taken a 20 percent stake in the startup incubator H-farm.
We’ve seen plenty of high-tech investors taking stakes in online fashion businesses, such as Atomico Ventures, the investment fund of Skype co-founder Niklas Zennström, investing in Fashiolista, an online fashion community. But a fashion magnate investing in startups is much more unusual.
The amount of the investment was not disclosed.
H-Farm was founded in 2005 and is based on an estate overlooking the Venice lagoon in Italy. H-farm makes seed investments in startups, which then remain on the estate for up to 36 months before taking on further investment rounds. There are H-farm branches in Seattle, Mumbai and London. In its first 5 years, H-farm invested 9.5 million EUR ($13.62) in 26 startups. Another 10 million EUR ($14.33) is expected to be invested in the next 5 years.
Renzo Rosso owns not only Diesel but a plethora of other fashion labels including Marc Jacobs Men, Viktor & Rolf and Vivienne Westwood. Diesel’s parent company Only the Brave has a turnover of $1.7 billion and employs 6,000 people.
VentureBeat’s VB Insight team is studying email marketing tools.
Chime in here, and we’ll share the results