JustFabulous, a US-based fashion brand and retail website, has raised $33m in its series A round after being incubated by consumer products conglomerate Intelligent Beauty.
Venture capital firms Matrix Partners and Technology Crossover Ventures (TCV) invested in JustFabulous, which has $3m in subscriptions per month after launching in March last year. TCV also is an investor in Intelligent Beauty, which also runs the Sensa weight loss company and health and beauty website Dermstore.
Intelligent Beauty was founded in 2006 by Adam Goldenberg and Don Ressler after leaving social network MySpace’s parent InterMix following its $650m purchase by media company News Corp.