Neighborhood Goods, the direct distribution brand for department stores like Rothy's, Dollar Shave Club, Buck Mason, Draper James and Stadium Goods, has new cash to expand its business line for e-commerce Moloch.
The Company Boosts $ 11 Million in a New Financing Round Led by Global Founders Capital (19459005) Involved by Previous Investors such as Forerunner Ventures, Serena Ventures, NextGen Venture Partners (19459005), Allen Exploration, Capital Factory ( 19659002) and The Dallas The start-up has raised $ 25.5 million and is expanding to a new location in Austin, which complements its stores in Plano, Texas, and a new location in New York, which will open soon according to the managing director and co-founder of the company, Matt Alexander.
The Neighborhood Property Concept that provides online brands with a true base that works well with lenders such as Global Founders Capital and Forerunner Ventures, whi ch is both longtime investor and direct investor of start-ups.
"As we expand our brand network, we are very pleased that Neighborhood Goods is a key element of our portfolio that allows them to test, evaluate, explore and learn more about the impact of physical retail on growth," Don said Stalter, investor of Global Founders Capital.
As the company expands its geographic footprint, it is also experimenting with various online features, such as online searches of store collections and the physical product option, picking up digital orders in the store. Neighborhood Goods also announced that it will offer a brand partner analytics backend to provide data on activations and brand events at its stores.