Spring raises $65 million to fund a shopping mall on your smartphone
As brick-and-mortar retailers flounder, investors are pouring money into new ways to shop on your phone.
Shopping app Spring just raised $65 million to grow its online market of more than 2,000 clothing brands.
Fidelity Investments led the cash infusion with support from previous backers like Thrive Capital and Russian billionaire Yuri Milner. With the latest round, Spring has raised $100 million to date.
Spring CEO Alan Tisch founded the e-commerce company with his brother, venture capitalist and serial entrepreneur David Tisch, as a simple and visually appealing way for millennials to buy clothes on their phones. Read more...
More about Spring, E Commerce, and Business
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Spring raises $65 million to fund a shopping mall on your smartphone
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Friday, May 12, 2017
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