There’s no denying we’re in one of the most lucrative times for fashion and tech start-ups. As reported by The Business of Fashion recently (in debating whether there’s a fashion tech bubble), large sums of capital have been pouring into young companies over the past couple of years, including Moda Operandi ($46 million), Nasty Gal ($49 million), ShoeDazzle ($66 million), BeachMint ($75 million) and Gilt Groupe ($236 million). The latest news in Farfetch’s $20 million and Rent the Runway’s $24.4 million can both be added to that.
Keeping abreast of all this, not to mention the multiple others entering the space on a seemingly daily basis, however, is a heady task. Have you ever wondered just how many there actually are in total for instance? How many of them last past their first year, let alone make returns for their investors? And how many of them are truly relevant to you directly?
Fortunately someone’s been keeping tabs. New York-based consultancy company, Third Wave Fashion, has been tracking the space for two years, and is set to launch a database listing over 650 fashion-focused tech companies in order for us to try and get a handle on it.
Available for paid subscribers, the site is searchable by over 30 different business categories, including image sharing, content-and-commerce, subscription commerce, virtual closets, pre-orders, marketplace and more. These can then be cross-referenced with some 50 tags such as B2B, beauty, luxury and mobile. It also includes listings for 350 investors and 800 founders.
Third Wave Fashion founder, Liza Kindred, said: “The database is a culmination of nearly two years of monitoring the industry. We began tracking companies so we could have a comprehensive view of the landscape, and quickly realized that this information would be valuable to many other people as well.”
She pitches it as a “trusted resource for interested parties such as fashion brands, investors, entrepreneurs, journalists, and emerging designers searching for new platforms for distribution”.
The database will continue to grow as the industry does, but also feature that all-important RIP category for those failed start-ups too.
Further reading: The State of Fashion Tech, a keynote by Liza Kindred