Joor, the American digital wholesale platform, with a substantial presence in Europe, has successfully raised $25 million (€23.6 million) in funding. This financial infusion is geared towards accelerating the company’s growth and fostering innovation, with a specific focus on strengthening payment systems and expanding its footprint in the footwear, sports, and outdoor sectors.
The funding round was led by Brightwood Capital and Tamarix Capital Partners, with strong support from existing investors, including Macquarie Capital, Battery Ventures, and Canaan Partners.
Joor is committed to elevating the experience for its extensive global network of fashion brands and retailers through this funding. The company has ambitious plans to introduce new data-driven initiatives, enhance its Joor Pay solution, and venture into emerging categories such as footwear, sports, and outdoor activities.
Joor currently boasts an impressive network of 600,000 professional buyers spanning 150 countries and partnerships with 14,000 brands. Notable collaborations include industry giants like LVMH, Richemont, and Tapestry, as well as renowned fashion labels such as Stella McCartney, Valentino, Kate Spade, and Dr. Martens. The platform is also the trusted go-to resource for leading department stores like Printemps, Harrods, Neiman Marcus, and Shopbop.
CEO Kristin Savilia underscores Joor’s track record in supporting the growth of world-renowned brands and retailers. In an ever-evolving and challenging economic landscape, the company is thrilled that its investors recognize the value of Joor’s solutions and share the vision of driving platform growth through innovation and enhanced capabilities.
With its headquarters in New York and a global presence in cities like Los Angeles, Philadelphia, Paris, London, Milan, Madrid, Berlin, Melbourne, Tokyo, and Shanghai, Joor is strategically positioned for expansion and industry leadership.
