Eloquii Bags $15 Million Series B from Acton Capital Partners
Date: Friday , April 15, 2016
Bengaluru: Eloquii, a leading e-Commerce destination for contemporary fast fashion, announces the closing of its Series B funding round worth $15 million led by Acton Capital Partners. The new investors, including Wildcat Capital Management and Blue Sky Venture Capital, as well as existing investors Greycroft Partners, Daher Capital and Female Founders Fund also participated in the round. With the fresh fund, Eloquii plans to continue building its team in New York, make further investments in marketing and technology, and accelerate overall. Post the investment, Jan-Gisbert Schultze, Managing partner, Acton Capital Partners joins the Eloquii\'s Board of Directors.
\"Eloquii is helping to empower plus-size women by transforming the way this important consumer audience shops and engages around fashion online. We are excited to expand our group of world-class investors as we enter our next stage of growth and seek to reach our goal of being the dominant fast fashion plus-size brand in the global market,\" says Mariah Chase, CEO, Eloquii.
\"Eloquii has identified a formula to connect with the deeply underserved plus-size customer and forge a connection that inspires extreme loyalty. We look forward to helping Mariah and the team takes advantage of the full potential of the brand in order to magnify its presence and become the clear leader in the market,\" says Jan.
Eloquii was founded in 2014 by John Auerbach in New York. It is the e-Commerce destination for contemporary fast fashion in sizes 14 to 28, Eloquii offers exceptional style at a wide range of accessible price points. Among the strategies the Company is driving, Eloquii is capitalizing on digital and social media to engage with customers, including introducing the Company\'s enormously successful #XOQ hashtag, which allows customers to tag themselves to the company\'s site.