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Fashwire

Global marketplace connecting fashion designers directly to consumers
B2C Marketplace Women Founders Apps
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$62,586
Raised
204
Investors
Successfully funded and closed on July 1, 2020.
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Problem Solution Product Traction Customers Biz. model Market Competition Vision and strategy Funding Founders
About Team Press

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Fashwire Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Fashwire Crowd SAFE Fashwire Form C-A 4.29.20.pdf Fashwire Form C.pdf
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Hear from some of the 204 investors in Fashwire


Show more

Highlights


$1M+ raised
Company has previously raised over $1M in capital
Republic alum
Company previously raised on Republic
  • Impacting production & supply chain management through data driven tech
  • 200+ brands from 25+ countries
  • 35,000+ mobile downloads, available on iOS and Android, proprietary API
  • Selected in Top 20 Grind Startups for Startup Grind Europe 2019
  • Addressing a $872B global market by 2023 & a $2.1T apparel market by 2025
  • Top Charts in Shopping category on App Store since November 27, 2019
  • Over $2M in funding raised to date from private angel investors

Problem


Consumer behavior patterns are changing fast and brands must adapt to keep up!

The fashion retail industry has not been evolving fast enough and brands have relied too heavily on historical purchasing and gut feelings when making stock ordering, merchandising and pricing decisions. Demand forecasting is nearly impossible to predict and now brands and retailers are facing a perfect storm of rising costs, product decisions, and consumer buys against reduced consumer confidence and spending. This combined with changing consumer shopping habits means that more than ever designers, brands and retailers need to fully understand their product performance and customers in order to adapt, stay relevant and survive.

Solution


A Global Data-Driven Multi-Brand Marketplace

Fashwire provides our partnering brands discoverability, instant real-time feedback and full price sell-through by using Fashwire’s proprietary Data Insights Technology to deliver consumer actionable insights to maximize product profitability.  

By presenting new collections to thousands of targeted consumers, we are able to provide instant feedback on what is resonating with consumers on current and future products long before they are stocked – improving costly ordering decisions.

Product


Fashwire Data Insights Technology

Whether you are a consumer or designer, Fashwire creates a global marketplace to influence fashion trends and ideas. It's simple and easy to use. By downloading our app, users can discover designers from around the world, swipe their preferences and highlight products and brands they love. The designers and brands then access this data in real-time allowing them to target their collections based on consumer feedback and preferences. 

By adding new brands and designers daily, Fashwire constantly provides style inspiration and a personalized shopping experiences for our users. We also reward customers for sharing their style preferences and allow them to directly purchase items from participating retailers.


How It  Works


Investor Interviews

Traction


200+ brands | 25+ countries

With over 200 designers and brands from more than 25 countries on our platform, Fashwire continues to gain industry recognition in both the fashion and tech sectors. In June 2019, we were named in Startup Grind's Top 20 Europe Startups and recently in TechCrunch Top Picks for Disrupt Berlins 2019 in the Retail + E-commerce category.  Additionally, Fashwire was the Fashion Partner for Gold Meets Golden with Coca Cola and BMW Beverly Hills.  



Industry Recognition


Press

Customers


Direct connection to the fashion designers and brands

Fashwire has two principal customers. The first are brands & designers, who use our data to understand their consumers, purchasing patterns and preferences. The second are shoppers, who tend to be interested in fashion and relish the idea of being able to influence the brands they love. 


Designer Interviews






Business model


Multiple revenue streams to maximize profit

Fashwire has four separate revenue streams to drive a uniquely profitable business model:

Commissions

Fashwire collects 15-20% commissions from the designers for all purchases directed from the Fashwire platform.

Brands that Fashwire sells for are required to pay 20% on every order placed from Fashwire's website.

Advertising

Banner Promotions – Fashwire promotes and displays ads of various designers and brands on its website. Designers and brands receive greater visibility via banner promotions and pay-per-click advertisements.

Priority listing on app and website  – Fashwire charges designers and brands premium rates to give them priority placement.

Sell Data

Fashwire charges a fixed-price for providing access to data.  

Paid App

We charge a one-time fee of $2.99 to download the app. A one-stop shop for the hottest styles and collections influences users to pay to discover the most coveted brands and emerging trends from around the world.

Market


A $872 Billion global online market by 2023

Fashion is always on trend and the global online fashion market is poised to reach over $872bn by 2023. As more and more stores move online, fashion sites are becoming one of the most effective vehicles for sales.


Competition


We believe we have first-mover advantage because our platform uses a unique API-enabled proprietary technology stack to serve multiple actors in the fashion industry.

There are no known competitors, only a varied and saturated market of indirect competitors. The indirect competitors are potential B2B advertising partners.  


Competitive Advantage

  1. Positioning: Building out a marketplace is one of the few times we believe there is truly a first-mover advantage.
  2. Proprietary: The platform is built on an API-enabled proprietary technology stack, which provides the foundation for three main components - applications, services and data. Fashwire owns all of its data, which provides our partnering designers and brands instant data analytics on what is resonating with consumers.
  3. Opportunity:  We operate a modular end-to-end technology platform built to connect a contemporary fashion ecosystem worldwide. Designers and brands gain exposure and receive target user data with real-time actionable insights to help make better production decisions and improve full price sell-through.

Why We Will Win

Fashwire's unique selling proposition is our real-time feedback mechanism enabling users to provide their opinions on fashion products to designers.  Designers then receive this data in a clean and intuitive manner, which they can then turn around and make intelligent production decisions with. Giving designers this highly valuable data through a fun and frictionless experience for users is what makes Fashwire a homerun.

Vision and strategy


Smart fashion for the future

With your investment, Fashwire plans to ramp up our AI algorithms and continue to provide real-time knowledge to designers. We also plan to broaden our marketing strategy and expand our distribution channels while also accelerating our user growth.

Funding


Over $2M in funding to date

We have raised over $2M in funding from private angel investors. With a goal of $2.5M ($1.07 of which will be raised on Republic) we aim to use funds to ramp up our technology, enhance our algorithms, and invest in the team and marketing infrastructure. 

Founders


Founder & CEO

Having owned a specialty retail store for many years and with a prestigious background in tech, Kimberly saw a need for a low cost, scalable solution to help emerging fashion designers succeed with discoverability and brand awareness. Combining her previous experience in mobile and tech, she applied her fashion knowledge and industry experience to develop a platform where emerging and established brands could co-exist in one space, providing valuable data for the industry as a whole. Hence, the creation of Fashwire.

A successful owner of retail stores for 13+ years and 20+ years experience in marketing for wireless and tech companies, Kimberly has a unique perspective into fashion's interplay of data and marketability.  An advocate for innovation and disruption in the retail digital sector, Kimberly is a rare mix of fashion and tech that intertwine two worlds.

Deal terms


Valuation cap

$10,000,000

The maximum valuation at which your investment converts into equity shares or cash.
Learn more

Discount

0%

If a trigger event for Fashwire occurs, the discount provision gives investors equity shares (or equal value in cash) at a reduced price.
Learn more.

Minimum investment

$100

The smallest investment amount that Fashwire is accepting.
Learn more

Funding goal

$1.07M

The maximum amount the offering can raise is $1.07M.
Learn more

Deadline
Fashwire needs to reach their minimum funding goal before the deadline ( ). If they don’t, all investments will be refunded.
Learn more
Type of security

Crowd SAFE

A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event. · Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Fashwire Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Fashwire Crowd SAFE Fashwire Form C-A 4.29.20.pdf Fashwire Form C.pdf

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in Fashwire.
Invest
$250
Receive
  • A digital shout-out on social media from the Fashwire team
Invest
$500
Receive
  • All of the above
  • Receive an honorable mention in our newsletter
  • Limited Edition Fashwire t-shirt and beanie hat
Invest
$1,000
Receive
  • All of the above
  • A free style consultation from a Fashwire designer
Invest
$2,500
Receive
  • All of the above, plus...
  • Exclusive VIP invitation to Fashwire’s invite-only events with fashion designers, editors, influencers and celebrities
Invest
$5,000
Receive
  • All of the above, plus...
  • FashTalks video interview to be posted on our website on the Designer Spotlight page
  • Quarterly investor update emails with insights on company status and progress
Invest
$10,000
Receive
  • All of the above, plus...
  • Meet with the Fashwire core team to discuss endless opportunities, the future of Fashwire and more. (Travel not included, but if you are unable to travel, we will treat you to your favorite pizza delivery joint and screen time you in to the meeting.)
Invest
$15,000
Receive
  • All of the above, plus...
  • Private VIP dinner with the core team in NYC (travel not included)
Invest
$25,000
Receive
  • All of the above, plus...
  • 2 tickets to a show at New York Fashion Week in September of 2020.
  • Limited (6 left of 6)

About Fashwire

Legal Name
Fashwire Inc.
Founded
Sep 2015
Form
Washington Corporation
Employees
6
Website
fashwire.com
Social Media
Headquarters
Google Map location of of Fashwire
3308 West McGraw Street , Seattle, WA
Headquarters
3308 West McGraw Street, Seattle, WA, United States 98199

Fashwire Team
Everyone helping build Fashwire, not limited to employees

Profile picture of Kimberly Carney
Kimberly Carney
Founder & CEO
Profile picture of Sebrie Springs
Sebrie Springs
Chief of Staff
Profile picture of Samantha Yanks
Samantha Yanks
Vice President, Global Marketing & Brand Strategy
Profile picture of Valeria Amaral
Valeria Amaral
Head of Designer Acquisition
Profile picture of Isadora Pero
Isadora Pero
Communications Manager
Profile picture of Ian  Lowe
Ian Lowe
Content Specialist
Profile picture of Hooman Hamzeh
Hooman Hamzeh
DevelopingNow CEO (Shareholder)
Profile picture of Deborah Weinswig
Deborah Weinswig
Fashwire Advisor (Investor)
Coresight Research, Founder & CEO
Profile picture of Manny Rivelo
Manny Rivelo
Fashwire Advisor (Investor)
Francisco Partners, Senior Operating Partner
Profile picture of Dr. William Kapfer
Dr. William Kapfer
Fashwire Advisor (Investor)
JP Morgan Chase, Global Head of Supplier Diversity
Profile picture of Torrie Dorrell
Torrie Dorrell
Fashwire Advisor (Investor)
Hairbrain Schemes, Chief Operating Officer
Profile picture of Tom Pearon
Tom Pearon
Fashwire Advisor (Investor)
Senior Leader, Information Technology
Profile picture of Joe Futty
Joe Futty
Fashwire Advisor (Shareholder)
ParkNow & ChargeNow, Group Chief Product Officer
Profile picture of Paul Zaffaroni
Paul Zaffaroni
Fashwire Advisor (Shareholder)
Managing Director and Co-Head of Consumer Investment Banking
11 more team members
Kimberly Carney
Founder & CEO
Sebrie Springs
Chief of Staff
Samantha Yanks
Vice President, Global Marketing & Brand Strategy
Valeria Amaral
Head of Designer Acquisition
Isadora Pero
Communications Manager
Ian Lowe
Content Specialist
Hooman Hamzeh
DevelopingNow CEO (Shareholder)
Deborah Weinswig
Fashwire Advisor (Investor)
Manny Rivelo
Fashwire Advisor (Investor)
Dr. William Kapfer
Fashwire Advisor (Investor)
Torrie Dorrell
Fashwire Advisor (Investor)
Tom Pearon
Fashwire Advisor (Investor)
Joe Futty
Fashwire Advisor (Shareholder)
Paul Zaffaroni
Fashwire Advisor (Shareholder)

Press

GlossWire Archives - Cosmetic Executive Women
Cosmetic Executive Women Cosmetic Executive Women
·
Mar 28, 2021

Cosmetic Executive Women, Inc. (CEW) is a nonprofit, professional organization with more than 10,500+ members globally, b...

NYFTL Expert Network
·
Mar 26, 2021

Kimberly Carney is Founder and CEO of innovative 2-sided marketplaces, Fashwire and its’ sister platform GlossWire.

FashWire Announces GlossPitch, a $10,000 Competition for ...
Businesswire Businesswire
·
Mar 12, 2021

SEATTLE--()--GlossWire, a two-sided global beauty marketplace, proudly announces the inaugural pitch competition taking p...

#SGGlobal21 Startup Program: Accelerate Startups Announced!
Medium Medium
·
Feb 18, 2021

There are only a few days left until Startup Grind’s Startup Summit & Global Conference. After months of anticipation, we...

Transforming Fashion through Digitization | News | CFDA
CFDA
·
Feb 17, 2021

Kimberly Carney is the Founder and CEO of Fashwire Inc. which includes two product offerings: the popular shopping market...

A Retailer Wins in Tech
Spotify Spotify
·
Jan 19, 2021

Listen to this episode from Ryan's Rants & Raves on Spotify. Tune in this week as guest host Aurelie Brown chats with Kim...

Reframing the Global Fashion Landscape | Kimberly Carney ...
THE CEO PUBLICATION THE CEO PUBLICATION
·
Dec 22, 2020

Today there is a real urgency to reconnect the designer and the consumer. Designers have no access to real-time data on w...

Fashion Group International Honors Rising Star Award Winners
WWD WWD
·
Dec 17, 2020

Under normal circumstances, a city-stopping snowstorm could lead to no-shows, last-minute cancellations and late arrivals...

And the Winners of Startup Grind’s First Ever Global Pitc...
Medium Medium
·
Oct 21, 2020

Startup Grind hosted its first-ever virtual Global Pitch Battle Competition in late September 2020 where startups from al...

Amazon Prime Day Tops $3.5 Billion
WWD WWD
·
Oct 15, 2020

The sixth annual Amazon Prime Day surpassed $3.5 billion in sales from third-party sellers, marking an increase of more t...

Adam Glassman Reveals His Favorite Fashion Finds for Fall...
Oprah Daily Oprah Daily
·
Oct 5, 2020

Advertisement - Continue Reading Below You can go to the polls in style rocking this hand-embroidered cashmere sweater. A...

Fashwire Connects Designers to Consumers In Real-Time
Marie Claire Marie Claire
·
Sep 3, 2020

As a former boutique owner, Kimberly Carney always had a hunch that the fashion industry-designing, wholesale, retail...a...

Shopping marketplace Fashwire introduces refreshed app in...
FashionUnited FashionUnited
·
Aug 31, 2020

Shopping marketplace Fashwire has launched a refreshed app interface that the company says will help its users discover a...

Fashwire Hits the Refresh Button With a New Innovative Us...
Businesswire Businesswire
·
Aug 28, 2020

SEATTLE--()--Fashwire further accelerates its disruption of the traditional retail model with a refreshed app interface t...

Fashwire Might Just Be The Tinder of Shopping - Daily Fro...
Daily Front Row Daily Front Row
·
Jul 23, 2020

Fashwire is the latest App to give consumers an easy way to upgrade their wardrobes. Founder and CEO, Kimberly Carney, te...

Se sei un designer, allora dovresti già fare parte di que...
Vogue Italia Vogue Italia
·
Jul 16, 2020

Fashwire è un'app dedicata alla moda, rivolta sia alla moda femminile sia maschile. Se si ama il design e ancora non la s...

The long overdue shakeup the fashion industry needed | St...
Startups Magazine Startups Magazine
·
Jul 10, 2020

Fashwire is a mobile and web marketplace for discovery where you can shop directly from over 300 fashion brands from over...

Si eres diseñador, entonces ya deberías de estar en esta ...
Vogue Mexico Vogue Mexico
·
Jul 1, 2020

Fashwire es una aplicación de moda para mujeres y hombres. Si te gusta la moda y no la conocías, tienes que descargarla p...

7 Women-Founded Startups You Need to Know About
Medium Medium
·
Jun 18, 2020

Premium social virtual and augmented reality experiences, simulating the communal experience of attending a live concert,...

Fashwire Supports COVID-19 Relief Fund With FashGive Fridays
Financialbuzz Financialbuzz
·
May 15, 2020

Fashwire Supports COVID-19 Relief Fund With FashGive Fridays
Businesswire Businesswire
·
May 15, 2020

SEATTLE--()--Fashwire's philanthropic arm, #FASHGIVE, is proudly partnering with #RetailersUnited to host FashGive Friday...

Fashwire Supports COVID-19 Relief Fund With FashGive Fridays
MarketWatch MarketWatch
·
May 15, 2020

The MarketWatch News Department was not involved in the creation of this content. Fashwire's philanthropic arm, #FASHGIVE...

Katie Couric's 10 Innovative Businesses To Support, From ...
Medium Medium
·
Apr 21, 2020

As a New Yorker, I grew up going to the Lower East Side and shopping at iconic Jewish appetizing shop Russ & Daughters wi...

How the industry supports A Common Thread
Fashionunited Fashionunited
·
Apr 21, 2020

A Common Thread, the CFDA/Vogue Fashion Fund fundraising initiative, provides much-needed support to American fashion bus...

Retailers, Unite! Getting PPE to Where It's Needed Most
WWD WWD
·
Apr 20, 2020

Newly launched pan-industry group RetailersUnited sort of sounds like a high-five among superheroes - and that's precisel...

How the Industry Supports A Common Thread | News | CFDA
CFDA
·
Apr 16, 2020

A Common Thread, the CFDA/Vogue Fashion Fund fundraising initiative, provides much-needed support to American fashion bus...

Startup Grind Special Event March 18
Meetup Meetup
·
Mar 18, 2020

THIS IS A PAID EVENT - PURCHASE YOUR TICKET IN THE LINK BELOW https://www.startupgrind.com/events/details/startup-grind-s...

GOLD MEETS GOLDEN 2020 Highlight Reel: presented by Coca-...
Vimeo Vimeo
·
Jan 17, 2020

Highlight Reel from the 2020 GOLD MEETS GOLDEN Event, hosted by Nicole Kidman and Nadia Comaneci, and bringing together H...

Star-Studded Gold Meets Golden Event Benefits Angel City ...
Look to the Stars Look to the Stars
·
Jan 13, 2020

The 7th Annual Gold Meets Golden hosted a special brunch at the Virginia Robinson Gardens on Saturday, January 4th. The e...

Nicole Kidman, Chris Evans and More Join the 7th Annual G...
LA Guestlist LA Guestlist
·
Jan 11, 2020

The 7th Annual Gold Meets Golden hosted a special brunch at the Virginia Robinson Gardens on Saturday, January 4th. The e...

Nicole Kidman Hosts Gold Meets Golden 7th Annual Event
Beverly Hills, CA Patch Beverly Hills, CA Patch
·
Jan 10, 2020

Gold Meets Golden Hollywood's Celebrity Golden Globe winners and Highly Decorated Olympic and Paralympic Athletes celebra...

7th Annual "Gold Meets Golden" Event Hosted By Nicole Kid...
Prnewswire Prnewswire
·
Jan 9, 2020

BEVERLY HILLS, Calif., Jan. 9, 2020 /PRNewswire/ -- Hollywood has long been inspired by the sports industry and vice vers...

At Gold Meets Golden, Olympians meet Hollywood all for An...
LaLaScoop LaLaScoop
·
Jan 6, 2020

The weekend in Los Angeles was filled with pre-Golden Globes parties, but a special event returned for its 7th year - Gol...

Red Carpet Recap: Matt Bomer, Jensen Ackles, Kit Haringto...
Socialite Life Socialite Life
·
Jan 5, 2020

It was another banner week for the red carpet with a bevy of handsome Hollywood hotties hitting the red carpet for events...

Olympians, Paralympians And Actors Come Together For Gold...
Team USA Team USA
·
Jan 5, 2020

Naomi Watts (L) and Kristi Yamaguchi attend the 7th Annual Gold Meets Golden on Jan. 4, 2020 in Beverly Hills, Calif. BEV...

Pre-Golden Globes 2020 Parties
Extra Extra
·
Jan 5, 2020

Matt Bomer attended Gold Meets Golden 2020, presented by Coca-Cola, BMW Beverly Hills And FASHWIRE at The Virginia Robins...

Inside the 2020 Golden Globes Pre-Parties
Variety Variety
·
Jan 4, 2020

Happy Golden Globes weekend! Variety reporters and editors have been dispatched throughout Los Angeles to let you know wh...

Hollywood Shows Out for Pre-Globes Event with Olympians, ...
TMZ TMZ
·
Jan 4, 2020

Hollywood's finest came out in droves for a pre-Golden Globes event which saw them mingling with Olympians -- and the get...

Golden Globes 2020: The Complete Guide to Parties and Eve...
The Hollywood Reporter The Hollywood Reporter
·
Dec 28, 2019

Friday, Jan. 3 AFI Awards Luncheon Four Seasons Hotel Los Angeles, 300 Doheny Dr., Beverly Hills The awards event celebra...

Introducing the TC Top Picks for Disrupt Berlin 2019
TechCrunch TechCrunch
·
Nov 12, 2019

Can we get a fanfare of trumpets, please? The time has come to introduce you to our TC Top Picks for Disrupt Berlin 2019....

Fashwire Selected for Startup Grind's 2019 Accelerate Pro...
Businesswire Businesswire
·
Jun 3, 2019

SEATTLE--()-- Fashwire has been selected by Startup Grind, powered by Google for Startups, as one of the Top 20 Grind Sta...

5 Women at the Cusp of Fashion + Technology Innovation
Mannpublications
·
Mar 18, 2019

Meet these five women CEOs innovating at the intersection of fashion, retail and technology-all motivated by their person...

3 New Local Apps to Try
Seattle Magazine Seattle Magazine
·
Jan 14, 2019

BY: | FROM THE PRINT EDITION | This article appears in print in theJanuary 2019 issue. Click here to subscribe. Peanut: "...

Fashwire Launches Fashion Designer Discovery App and Anno...
Businesswire Businesswire
·
Jun 14, 2018

SEATTLE--()--Fashwire, Inc. ("Fashwire") is pleased to announce the launch of its Fashion Discovery App and a partnership...

Fashwire raises funding for app enabling consumer reviews...
Retail Dive Retail Dive
·
Apr 18, 2017

Fashwire, the creator of an app to connect fashion designers directly to consumers, recently raised $725,000 in seed mone...

Fashwire App Lets You Give Customer-Designer Feedback
StyleFT- Style.Fashion.Trend - News, Celebrities, Lifestyle, Beauty & Entertainment - The global style direction.
·
Apr 16, 2017

Fashwire raises cash for fashion app that gives designers...
GeekWire GeekWire
·
Apr 14, 2017

New Seattle startup Fashwire is taking a new approach to software for the fashion industry. "Most fashion apps are consum...

What The Future Of Black Friday Looks Like
Forbes Forbes

Black Friday, the day after Thanksgiving, is renowned for shopping deals and crowds in stores, but in our Covid-riven wor...

Show all
Logo of Fashwire

Fashwire

Fashwire successfully raised $62,586 from 204 investors on July 1, 2020
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Collin, LaMonte, Vanessa, Luis, Steven, and 199 others invested. 60 Reviews
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Investments in private companies are particularly risky and may result in total loss of invested capital. Past performance of a security or a company does not guarantee future results or returns. Only investors who understand the risks of early stage investment and who meet the Republic's investment criteria may invest.

Neither OpenDeal Inc., OpenDeal Portal LLC nor OpenDeal Broker LLC verify information provided by companies on this Site and makes no assurance as to the completeness or accuracy of any such information. Additional information about companies fundraising on the Site can be found by searching the EDGAR database, or the offering documentation located on the Site when the offering does not require an EDGAR filing.

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. Therefore, when you use the Services we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license, passport or other identifying documents.

Republic and its affiliates are not and do not operate or act as a bank. Certain banking services are provided by BitGo Trust Company, a South Dakota-chartered trust company and registered money services business. BitGo Trust Company is not an FDIC member. Digital (crypto) assets and investment products are not insured by the FDIC, may lose value, and are not deposits or other obligations of BitGo Trust Company and are not guaranteed by BitGo Trust Company. Terms and conditions apply.

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