Today I learned about a venture-backed handbag startup.
Read on to learn about it.
Dagne Dover raises $1.25M
Dagne Dover had a fairly auspicious debut, selling out of its handbags in nine months, then going offline for another seven months in search of funding. Today the handbag purveyor products are back online and the company is announcing $1.25 million in seed funding. Heavy on compartments, Dagne Dover thinks handbags need to be more functional. Enough women agree that the company sold $40,000 worth of handbags in its first three months. David Bell, who's invested in other popular e-commerce sites like Warby Parker and Bonobos, and Dominic Cioffoletti, former VP of sales at Coach, invested, alongside Fabrice Grinda, 2020 Ventures LP, and First Round Capital's Dorm Room Fund.
Read more on VentureBeat: Handbag seller Dagne Dover raises $1.25M and gets its site back up and running
Zenti brings in $1.5M
Zenti, a company that provides a "classification engine" for natural-language processing --- one way to do computing tasks based on ordinary people's text --- disclosed today $1.5 million in equity and debt in a regulatory filing. Kieran Prior is listed in the filing. Zenti started in 2010 and is based in Palo Alto, Calif.Read the filing.