CMS advised Lyst Ltd on the funding round.
Investors in the funding round included certain funds managed by Fidelity International, Novator Capital, Giano Capital and C4 Ventures, as well as other financial and strategic previous backers Draper Esprit, 14W, Accel, Balderton Capital, Venrex and LVMH. Carmen Busquets, an entrepreneur and strategic advisor to Lyst, also increased her investment in the company with this funding round.
Described as a pre-initial public offering (IPO) round of financing, Lyst expects to use the funds to continue personalising the fashion shopping experience for their customers, while helping the brands and stores that partner with them to thrive. Since its launch in 2010, Lyst has now garnered 150 million annual users who have access to an assortment of 8 million products from 17,000 brands and retailers.
The CMS team advising Lyst comprised John Finnemore (Picture), Toby Lovett and Idin Sabahipour (Corporate).
Law Firms: CMS Cameron McKenna Nabarro Olswang LLP;
Clients: Lyst Ltd.;