They grow up so fast, don’t they? Local social shopping site Lyst, which launched April 2011, has just raised a $5 million Series A. Led by London-based DFJ Esprit, with Accel Partners, Alex Zubillaga and Venrex participating, the round will allow Lyst to staff up and work on building out its back end.
Ironic, right? Considering they’re a fashion startup and all.
the startup rundown
MEET ‘N GREET Monday, June 5, is this month’s New York Tech Meetup. Presenters range from Fitocracy to Loosecubes. If you haven’t bought tickets, you’ve got one more chance: There’s one batch left, and they go on sale Friday.
MORNING, SUNSHINE News.me has just revamped its morning email, ramping up the “daily briefing” angle. Not only has the company redesigned the whole thing, News.me’s editor will be pick three big stories to summarize every morning. Also added: stuff you missed and an image. Because images are snazzy.
SALE SALE SALE For all the pinatics out there: social commerce platform Lyst has debuted a tool that’ll allow you to receive an instant sale alert whenever something on your Pinterest boards goes on sale. In addition, Lyst will notify users who pin an item from a store whether that item can be had elsewhere.
The Internet Is The New Black
For an industry based entirely on trends, fashion is having a social media moment.
Designers and retailers have their own social media accounts, using Twitter, Facebook and other sites to hawk their goods to people who enjoy spending their time quantifying their friends through a number on a webpage. Fashion-centric startups are increasingly en vogue. There is even a blog to keep track of them all: FashInvest, “where fashion meets finance.”