Mass customization seems to be again on the fast track amongst investors. Following the investment announcements of jeweller Gemvara, custom suit makers Indochino has raised another $4 million from Burda and other investors (via):
"Madrona Venture Group of Seattle led a funding round of $4 million first round of venture funding for the technology and tailoring company, Indochino announced this morning.
Previous angel investor Burda Digital Ventures also participated in the round, showing renewed confidence in the company founded by Kyle Vucko and Heikal Gani.
Since its founding, and initial investment of $800,000, the idea has at least begun to catch on.
Indochino, which is based in Vancouver, has 17,000 customers. Most of them are in North America, though the company counts customers in 60 countries. Sales growth was 245 percent from 2009-2010.
The company, Vucko said, has passed the seven-figure revenue mark and has positive cash flow."
More in the press release. In other news, Tengelmann and Holtzbrinck have recently invested in Youtailor.
Interested parties for this e-commerce-segment can take note: In Berlin on May 30 & 31, the first Create Your Own e-commerce conference for Mass Customization will take place. The bi-yearly MCPC World Conference is planned for November 15-19, 2011 in San Francisco.
Related posts:
- Gemvara Raises $15 Million Capital for Custom Jewellery Concept
- Mass Customization: Indochino Update
- Mass Customization: Indochino Gets Funding from Burda
- The Third Wave of Mass Customization Is Happening Now
Originally posted in German by Jochen Krisch, adapted for excitingcommerce.com by Jason Soo.
