Lehman Bros. backs myShape amid death rattle
Only a few weeks before its demise, Lehman Brothers Holdings Inc. led a third round of funding for myShape, an online store that helps women find clothes that fit their exact dimensions. The company’s venture branch committed to the contribution in August before filing for bankruptcy in mid-September.
Seemingly unaffected by the Lehman fund’s collapse, the investment round remains open. So far, Pasadena, Calif.-based myShape has raised $12 million, and hopes to close above its target… Continue Reading
Zafu, the rise of woman-focused sites & Glam
Zafu, a website is designed to help women find jeans or bras that fit their specific body type — to excruciating detail, as we’ve reported — has raised $4.1 million in a second round of funding.
What’s striking is that this is considered worthy of investment by venture capitalists. Numerous large fashion and retail companies could easily recreate this sort of site with minimal investment. Can Zafu really become a large company of the type that… Continue Reading