Lyst raises $14 million in Series B
Lyst is a fashion e-commerce company that has raised $14 million in Series B funding led by Balderton Capital. DFJ Esprit and Accel Partners also participated in this round.
Other investors that participated in this round includes Paul Forster (Indeed.com co-founder) and John Lindfors (Managing DST Investment Management partner).
Lyst sees around 2 million shoppers per month and generates over $600 million in annual sales for fashion brands and retailers like Saks, Burberry, and J. Crew.
“We’re thrilled to have Balderton join us on our journey.” stated Chris Morton, Lyst CEO and cofounder, “2013 was an amazing year for us, particularly as we launched fashion’s first universal shopping cart, which is revolutionizing the space by enabling shoppers to check out from multiple brands and stores in a single step on site. We’re excited to have such a stellar group of European investors – DFJ Esprit, Accel and Balderton – with strong US ties to help take Lyst to the next level.”