Leading female-led Web3 fashion brand DRESSX raised $15 million this month in a Series A funding round led by Greenfield. Accordingly, the company will use the funds to scale its Metaverse presence, form exciting partnerships, and enhance its existing services. Considering that it is already the largest digital wearables platform, DRESSX is worth checking out.
How did DRESSX raise $15 million for brand development?
DRESSX kicked off in style this spring with fantastic wearables and an amazing Series A round, raising a whopping $15 million. Accordingly, the investor list includes Warner Music, Red DAO, Slow Ventures, and The Artemis Found to name a few.
The company’s female founding team will use the money to take their vision of Web3 fashion to a new level. Part of this mission is to make their wearables available in multiple Metaverses and games. Another goal is to improve the functionality of DRESSX’s dedicated NFT marketplace, app and website.
Last but not least, the company is pursuing new partnerships with industry leaders, both in the Web3 and physical worlds. This goal is certainly achievable given the popularity of DRESSX in today’s fashion industry.
What is the brand about?
In short, DRESSX is the biggest brand Web3 wearables in the Metaverse. The company was founded in August 2020 and now has more than 3,500 digital fashion items. While some wearables are designed by the founding team, others carry other brands’ signature styles.
Either way, this brand has something for everyone – and people are more interested than ever in expressing themselves in the Metaverse.