VANCL

VANCL is a Beijing-based online fashion retailer founded in 2007 by Chen Nian, the founder of Joyo.com. Operating under Beijing Vancl Technology Co., Ltd. in Zhongguancun Science Park, the company sells primarily basic and minimalist apparel directly to consumers online. VANCL grew rapidly to capture a 4.5% share of China's apparel market by 2011, raising over $430 million across seven funding rounds before experiencing significant contraction.