Monday, March 02, 2015

Nasty Gal Raises Another $12.7 Million

Nasty Gal Raises Another $12.7 Million:

Nasty Gal founder Sophia Amoruso at TechCrunch Disrupt last May. Photo: Brian Ach/Getty Images
Nasty Gal founder Sophia Amoruso at TechCrunch Disrupt last May. Photo: Brian Ach/Getty Images
There's now more fuel for Nasty Gal's fire, it seems: according to a new SEC filing, the trend-happy retailer has just closed $12.7 million in funding.

It's a significantly smaller round than the $40 million it raised from Index Ventures in August 2012, although that discrepancy isn't a bad thing — the company probably just doesn't need as much money right now. That said, it's not as much as Nasty Gal had hoped to bring in this time around. The filing states that the total offer was for $16 million, suggesting that's how much the retailer wanted to raise.

It does look like Index Ventures was involved in the raise again, since partner Danny Rimer's name appears on the filing alongside Nasty Gal's founder and executive chairman Sophia Amoruso, its new CEO Sheree Waterson and its CFO Bob Ross.

A rep for Nasty Gal didn't immediately respond to request for comment as to what the funding will go toward (perhaps more brick and mortar stores?), but we'll update when we hear back.

Update: According to a release from Nasty Gal's team, the round was led by Enjoy CEO Ron Johnson, with participation from Index. Johnson will be joining Amoruso, Waterson and Rimer as the company's fourth board member.

Posted by Nelio Inacio at 10:23 AM

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