Stitch Fix raised under $50M to build a billion-dollar business
Katrina Lake · Stitch Fix's Katrina Lake At The HIBT Summit · Dec 13, 2018 · at 3:28
Katrina Lake, founder and CEO of Stitch Fix, clarifies the company's capital efficiency and early venture fundraising history during a live interview with Guy Raz.
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“We raised less than fifty million dollars. The business is now over a billion dollars, and so you know, I think our, the amount of capital that we raised was actually very modest relative to you know, where, where we'd end up, but in the early days, yes, we did need money, and so we raised, I think, 500,000 in a seed round, and then we raised a couple million in an A round, but, you know, we weren't raising these huge, you know, crazy size venture rounds.”
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