Fashion Tech Report: The October Issue

Fashion Tech Report: The October Issue

This October, we are taking readers on a journey to the darkest corners of fashion tech. As Halloween approaches and the nights get longer, we’re excited to explore the spookier aspects of technology and how it affects our lives. We are proud to introduce you to The October Issue. Here are some of the notable topics we examine in this month’s report:

We’ve taken a look at the privacy concerns of consumer data and how retailers are using tracking technology to their advantage. We see third parties gaining control of consumer data through casual and voluntary acceptance of Terms & Conditions. What does it mean for personal data when users press “yes” in these cases? We discuss the technological Singularity and how big data could shape our future; the quantified self may indeed become one and the same with our identities.

Once again we track the latest funding data in the space. We saw $169.8 in funding go to fashion tech companies, many of which were international startups. Countries like Brazil, France, and the UK locked down significant funds to bolster their growth and expand into new markets. We saw fifteen funding events with Marketplace-categorized companies coming in as the most popular at 27% in September.

Online commerce retailer Dafiti received $70M in a venture round. This Sao Paulo-based company specializes in footwear and fashion with business in Argentina, Mexico, Chile, and Colombia. Expansion to other profitable Latin American markets is on the horizon for Dafiti, with current funding at $225M.

As we just mentioned, marketplaces locked down the most funding, totaling over $24.6M over four rounds going to Minitrade (online consignment site for children’s clothing), Videdressing (peer-to-peer marketplace for preowned clothing), Vestiaire Collective (a French luxury resale site), and Boticca (the emerging designer marketplace). Recommerce-categorized companies saw big wins as selling and swapping clothes online continues to grow in popularity; these companies made up 20% of funding events last month over 3 rounds. Other notable trends included money going to Discovery, Subscription Commerce, and Curation categories.

In October, stay on top of the latest news and people that make up fashion tech. Read our interviews with Kelly Hoey, co-founder for the first female-centric accelerator that champions women-founded and co-founded mobile startups exclusively. Hear how the CEO of virtual fit technology company Fashion Metric, Daina Burnes Linton, come to the fashion tech industry (her background might surprise you), and learn how Fashion Metric is changing the way men discover new brands they love.

Get our top book recommendations from the authors we love and take a look at our wearable tech spread that compiles the latest in anti-surveillance gadgetry.

We aim to make you the expert. This October, don’t be in the dark about the rapidly changing world of fashion tech.

For our blog readers, we’re extending a discount of 25% off our annual subscriptions using the code ‘ThirdWave’. Subscribe now to expand your fashion tech expertise!

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Third Wave Fashion has been your fashion tech think tank since 2011. We publish the first ever printed fashion tech magazine, Third Wave.  Follow us on Twitter or subscribe to our newsletter to stay on top of the latest in fashion tech + wearables.

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