The best fashion startups have the most compelling ideas, founded by tech pioneers and supported by accelerators such as 'Fashion for Good,' LVMH Innovation, and Reshape.
Then, when these innovative technologies and business models start to show results, big corporate partners kick in: Kering Group, Adidas, Target, Zalando, C&A, Galeries Lafayette, or PVH Corp.
In this article, I'll introduce you to 30 of the biggest fashion startups in 2023.
Why make these 30 fashion startups the best in the world? Their potential; is economical and shifts the fashion industry towards a sustainable path.
Some of these fashion startups innovate in VR fashion, digital clothing, AI design and styling, and sustainable materials.
Others create new business models in retail, circular supply chains, innovative advertising, and recruitment.
FARFETCH
Data-driven Global Fashion Retailer
LONDON, UK
FOUNDER(S) | José Neves
Farfetch is a global online fashion retailer.
The novelty of the platform is its ability to connect with top fashion brands, retailers, shops, and stores worldwide and make their products available online.
The site has raised $194 million (£125 million) in funding from investors such as Yuri Milner and Condé Nast International.
The brand's valuation topped $1 billion (£644 million) in March after the latest round of funding.
Fashion Startups FAQs
What is a Fashion Startup?
Fashion startups are novel companies with compelling ideas supported by large fashion accelerators such as 'Fashion for Good,' LVMH Innovation, and Reshape in creating apparel, accessories, and beauty products.
How Do you Market a Fashion Startup?
To create and launch a fashion startup, you require a clear idea, materials and textiles, products, brand logo, site, image, clever marketing, and a well-defined consumer segment - to whom you will sell your fashion products.
What is the Fastest-Growing Fashion Brand?
The fastest-growing fashion brand in 2022 was LVMH - in the luxury category - with a growth of 46% since 2021, followed by NIKE, with a gain of 35% since the previous year.
