karmaloop
ClosedStreetwear Clothing, Footwear, and Accessories - Karmaloop.com
Boston, United States · Founded 1999 · $50.0M raised
- Headquarters
- Boston, Massachusetts
- Founded
- 1999
- Business Model
- B2C
- Website
- karmaloop.com
- Total Funding
- $50.0M
- Last Round
- $50.0M Venture RoundJan 2010
- Rounds
- 1
About
Karmaloop is an online streetwear retailer founded in 1999 by Greg Selkoe in Boston, Massachusetts. The company sells apparel, footwear, and accessories from hundreds of independent and established streetwear brands, targeting what Selkoe coined 'Verge Culture' — creative, early-adopting digital natives who follow trends in music, fashion, art, technology, and action sports. At its peak in 2013, Karmaloop reached $127 million in annual sales and operated a portfolio of related properties including PLNDR (a flash-sale site), MissKL (women's fashion), Brick Harbor (skateboard), and KarmaloopTV. The company filed for Chapter 11 bankruptcy in March 2015 with over $100 million in debt, was purchased by Comvest Capital and CapX Partners for $13 million, then acquired by Shiekh Shoes in 2016. Despite the turbulent ownership history, karmaloop.com continues to operate as an online streetwear retailer.
Summary
karmaloop is an E-Commerce company based in Boston, United States, founded in 1999. It has raised $50.0M in total across 1 round, most recently a $50.0M Venture Round round in Jan 2010. Investors include Insight Partners and Comvest Credit Partners.
Tech & App Stack
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Funding History
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Jul 2014
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Venture Round through Debt Financing — per-round amounts, valuations, and who invested in each round.
Investors
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