Urbanic Secures $150M in Series C Funding to Expand Fashion Brand
Urbanic, a London-based fashion brand, has recently secured $150M in Series C funding. The funding round witnessed the participation of leading investors such as Mirabaud Lifestyle Impact & Innovation Fund, D1 Capital Partners, JAM Fund, and others. With this substantial investment, Urbanic aims to boost its growth and expand its technology-driven and socially responsible fashion designs to cater to a larger global consumer base.
Under the guidance of James Wellwood, Urbanic has gained prominence as a fashion brand that emphasizes creativity and technology in its offerings.
The company relies on an AI and machine learning-driven model that employs a proprietary Large Language Model (LLM). This model has been trained on various code bases and is capable of generating fashion designs, creative content, and even optimizing the industry's supply chain efficiency with the assistance of AIGC.
The infusion of funds will enable Urbanic to enhance its operations and realize its vision of delivering innovative and socially conscious fashion choices to customers worldwide. By leveraging advanced technologies and a commitment to sustainability, Urbanic aims to disrupt the traditional fashion landscape and contribute towards a more ethical and efficient industry.
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