Users on the site grab images of shoes, clothes and accessories from Polyvore’s library to create outfits and share them with friends — it’s like getting to be an editor in charge of a fashion spread in Vogue or Lucky. The start-up can earn a commission when users buy clothing items through the site.
The company attracts about 4 million unique users a month, who spend a nice-and-sticky average 10 minutes per session on the site.
This round of funding brings the startup’s financing to at least $8.1 million to expand its engineering and sales teams. Polyvore attracted new financing from Matrix Partners and a top-up from Benchmark Capital and Harrison Metal Capital.
The company has partnered with big apparel brands like Gap to challenge users to make up outfits with the company’s jeans.
Founded by three former Yahoo engineers, the Mountain View-based company now has six full-time employees. The company also has financial backing from LinkedIn founder Reid Hoffman and Epinions co-founder Nirav Tolia.
VentureBeatVentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
- up-to-date information on the subjects of interest to you
- our newsletters
- gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
- networking features, and more