Fashion Business M. Gemi Completed $16 Million C Round Of Financing

According to the world clothing shoes and hats net,

Electricity supplier M. Gemi recently announced that it has just completed the C round of $16 million financing. The lead party is one of the largest investment fund BurdaPrincial Investment of Hubert Burda Media, one of the largest technology media companies in Germany, and the participants include M. Gemi's existing investors, Accel, and so on.

Including the current round of financing, the total financing of M. Gemi has reached 47 million 200 thousand US dollars.

M.Gemi by

The current CEO Ben Fischman, CEO Cheryl Kaplan and chief financial officer Maria Gangemi Gangemi co founded in 2015, M. Gemi combines traditional process production with the latest technology to create a tradition.

Brand is completely different from the supply chain.

M.Gemi is headquartered in Boston, USA, and has offices in New York and Florence, Italy.

M.Gemi's accessories and shoes are all made from traditional handicraft products in Italy's famous family workshops, but their prices are much lower than those of traditional luxury brands (more than 200-300 dollars) depending on their unique mode of supply.

M. Gemi will launch new products every Monday.

M. Gemi said that this round of financing will be used to increase investment in technology research and development, so as to optimize the supply chain of brand in Italy, and make an in-depth prediction and analysis of the luxury industry.

"After two years of development, we realize that the quality of products, the regular release of products and the low price are all factors that consumers value very much.

We hope to redefine the concept of luxury and find investors who can help us enter the international market. "

M. Gemi's CEO Ben Fischman said: "we believe that the future of the retail industry is to integrate product quality, digitalization and e-commerce. BurdaPrincial's rich experience in the two aspects of consumer media and e-commerce is precisely what we need, and will become a great driving force for our development in the domestic market and global market."

Christian Teichmann, executive director of BurdaPrincipal Investment, said: "M.Gemi has innovating the traditional luxury market by integrating digital technology expertise with Italy's competitive manufacturing network.

Their team is also very professional, and we believe that M. Gemi will play a role in the global market.

About Hubert Burda Media

Hubert Burda Media, headquartered in Munich, Germany, is an international technology and media company, and has more than 540 brands and products for consumer demand.

Burda currently has more than 10 thousand employees and is one of Germany's largest media companies.

The group has more than 175 million users in more than 20 markets, including Europe, the United States and Asia, of which about 60 million are paid customers.

BurdaPrincipal is an investment fund under Hubert Burda Media, which mainly invested in digital technology and media companies in the US, Europe and Asia. Previous investment projects include BaubleBar, Etsy, NotOntheHighStreet, Vinted and Showroom.

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