Style-Passport closes £500,000 funding round
Envestors and Angel Co-Fund works together for the first time
Style-Passport, an online magazine for fashion-conscious female holidaymakers, has completed a funding round worth £500,000.
The round has featured a £185,000 investment from members of the Envestors private investor network, with a further £225,000 provided by the Angel Co-Fund. The remainder was provided by private individuals. Style-Passport, which celebrated its first anniversary in March, has signed up more than 70 fashion and beauty brands, and founder Sarah Walter is confident that the next few months will prove equally successful. She said: “Online fashion is growing fast… we have identified and developed an exciting, potentially highly lucrative niche in the industry – people who travel, and marketed it in a ground-breaking way. “The results have far outreached our most optimistic expectations and we are ready to accelerate this progress.” Envestors director Scott Haughton said: “Style-Passport has a good growth story and we are delighted to have closed this funding with the Angel Co-Fund. This is the first occasion we have worked with this new fund which promises so much for the angel community.”