Fashion platform Bow & Drape secures $1.2M funds from investors
Bow & Drape was able to secure financing worth $1.2 million from Tony Hsieh's VegasTechFund, Great Oaks Venture Capital and Triple Point Capital. Jeff Fluhr also invested through the Angel Hub. Proceeds from the round will be utilized for the growth and expansion of the fashion brand which moved base to New York City from Boston.
Aubrei Pagano, Bow & Drape's Chief Executive Officer and Creative Director, established the firm in 2012. By combining high technology and high fashion, Bow & Drape enables women to customize the clothes they want in order to come up with garments of the highest quality. The products are manufactured in the New York City and Las Vegas and are shipped globally.
Pagano said in a statement about the funding, "We are eager to continue evolving the Bow & Drape brand and are elated to have such an incredible team of investors behind us. Our business model empowers shoppers to celebrate their tastes and build a personal statement into every garment in a simple, fun way. This is an exciting time for us to pave the way and show what's possible when high tech and high fashion fuse together."
The fashion label has posted revenue growth of close to 300% since it was launched. Last year, the company was able to keep its return rate below 6%, the statement said.
The company wants every woman to feel beautiful and special as it celebrates their individuality. It has weekend wear for woman who aspire for the chic, feminine yet effortless look. Women are able to watch the actual clothes as they are built through the firm's "design studio" which also shows photo-realistic clothes on the screen, the company said.
Pagano said, "This is the future of fashion: disintegration into total individuality. I want to get women back to wearing clothes for more than 20 seconds. These are pieces they will love and tell stories about for 20 years."