Fashion GPS Raises $4M In Funding

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Fashion GPS is a fashion startup that focuses on events, samples, and PR.  The company has announced that they have raised $4 million in Series A funding from Ironfire Capital and other investors.  The funding will be used for opening offices in Hong Kong and Milan.  The company will also accelerate product development.  Fashion GPS has offices in New York, London, Paris, and Sydney.

Some of Fashion GPS’ products include GPS Events (event invitation management), GPS Samples (inventory tracking), GPS Styles (cookbook creator), and GPS Reporting (helps PR assess samples or campaigns).  Fashion GPS previously raised over $1 million in seed funding from Ashton Kutcher, Laurel Touby, and Shana Fisher.  Fashion GPS has been profitable about a year so far, according to Mashable.

Currently Fashion GPS has 40 employees and they plan to hire 12 more people next year.

[Source: Mashable]

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