LONDON —
Existing investors Draper Esprit, Steadfast Financial, 14W, Accel, Balderton Capital, Venrex and LVMH also took part, as did the entrepreneur and strategic adviser Carmen Busquets, who raised her stake in the company.Lyst said that in 2020 it saw a 1,100 percent increase in new users on its app and more than 150 million shoppers purchasing product via the Lyst website or app — which allow shoppers to search for products online from more than 17,000 brands’ and retailers’ commerce platforms.
McClafferty noted that Draper Esprit has backed Lyst since Series A, “and we believe this latest round sets the business up for an exciting next phase.” “Lyst is rapidly becoming a fashion category leader, which hundreds of millions of fashion lovers rely on to decide what to buy. While our app and website already enjoy very large audiences in the U.S. and Europe, fashion e-commerce remains under-penetrated in general, with huge growth potential globally,” said Chris Morton, founder and chief executive officer of Lyst.
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