StyleTread, the leading Australian online shoe store modelled around Zappos principles, has secured a Series C financing of AUD$12 million led by Starfish Ventures, joining existing investors Lakestar, Nine Entertainment Co., and Adinvest. Nine Entertainment recently invested $4 million and is further evidence of a bit of a tech boom in Australia, where a few startups have emerged in recent years including 99designs, Envato, Remember the Milk, SitePoint and DesignCrowd, though many prefer to bootstrap at the outset rather than take VC.
Wednesday, March 28, 2012
Zappos Clone StyleTread Secures $12 million To Keep Australia Heeled
StyleTread, the leading Australian online shoe store modelled around Zappos principles, has secured a Series C financing of AUD$12 million led by Starfish Ventures, joining existing investors Lakestar, Nine Entertainment Co., and Adinvest. Nine Entertainment recently invested $4 million and is further evidence of a bit of a tech boom in Australia, where a few startups have emerged in recent years including 99designs, Envato, Remember the Milk, SitePoint and DesignCrowd, though many prefer to bootstrap at the outset rather than take VC.
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