With fresh VC funding e-commerce veteran Haute Hijab will build infrastructure to scale globally
New York-based modest fashion e-commerce business Haute Hijab recently received an undisclosed investment from venture firm Lightship Capital. The funding is interesting on both sides of the deal.
Haute Hijab will now have the money to build additional infrastructure to help it scale globally, COO and co-founder Ahmed Zedan told Salaam Gateway.
As for the VC firm, the money came from its newly-launched $50 million fund that it said would specifically target minority-led start-ups. Trade publication Biz Journals reported on Sep 25 Lightship’s Candice Brackeen as saying $26 million had already been invested in five companies and that the firm will make initial investments in 35 firms in all. Lightship Capital said the opportunity in the modest fashion space is “significant”. “We consider Melanie [Elturk, Haute Hijab co-founder] an absolute visionary,” said Alexis Alston, senior associate at Lightship Capital.
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