New York, October 17, 2023 – JOOR, the world’s leading digital wholesale ecosystem, announced that it has raised $25M in new funding led by Tamarix Capital Partners and Brightwood Capital. Existing investors Macquarie Capital, Battery Ventures, and Canaan Partners also participated. This additional raise will allow JOOR to deliver an increasingly enriched platform experience in service of its extensive global network of fashion brands and retailers. Alongside new data-led initiatives, the company also plans to enhance its JOOR Pay solution, as well as expand its footprint in categories such as footwear, sports and outdoors.
“JOOR has a proven track record of enabling growth for world class brands and retailers,” explained Kristin Savilia, CEO of JOOR. “Amidst a tough macroeconomic environment, we’re thrilled that our investors recognize the value that JOOR’s solution provides and share our vision of accelerating the platform’s growth through additional innovation and enhanced platform capabilities.”
Over the past decade, JOOR’s platform has evolved into the fashion industry’s most comprehensive wholesale management solution — enabling brands and buyers to connect, present collections, build assortments, place and manage orders, and process payments. By digitalizing the entire wholesale buying and selling process, JOOR allows brands and retailers to operate more efﬁciently and leverage data to optimize their business and inform decision making.
With more than 14,000 brands and 600,000 curated fashion buyers across 150 countries, the JOOR platform hosts the world’s leading wholesale marketplace in the Luxury, Contemporary, Accessories, Footwear and Lifestyle verticals, processing nearly $20 billion in wholesale transactions annually. JOOR’s exclusive partners range from established luxury fashion houses such as LVMH, Richemont and Tapestry, to leading brands such as Stella McCartney, Valentino, Kate Spade and Dr. Martens. Premier department stores and global digital retailers including Neiman Marcus, Shopbop, Printemps and Harrods conduct their buying exclusively through JOOR.
“The world-class team at JOOR sparked our interest,” noted Mark Hauser, Managing Partner at Tamarix Capital Partners. “They bring together a unique blend of industry knowledge with cutting-edge technological capability and, while others in this climate have pulled back, they have strategically invested in developing industry-leading solutions that strongly position the company for success.”
About Tamarix Capital Partners II, L.P. TCP works with business owners and management teams, as well as search funds, independent sponsors, family offices and private equity sponsors to finance growth strategies, changes of control transactions, acquisitions, and recapitalizations. We provide debt and minority equity investments to companies with $3 – $15 million of EBITDA and typically invest $5 – $25 million in each business, with the ability to lead larger transactions. TCP is part of the Tamarix platform, which was founded in 1993, and is managed by seasoned investment professionals that have cumulatively invested over $3.5 billion in more than 225 companies.