Mr. Don Ressler is a highly revered executive with interests in startups and fashion. Mr. Ressler is one of the founders and chief managers of JustFab, a renowned e-commerce fashion retailer. He works together fashion entrepreneur Mr. Adam Goldenberg, his fellow chief executive officer. Mr. Ressler and Mr. Goldenberg set up JustFab in 2010. A year later, they sought out the services of Kimora Lee Simmons, who took charge of creative director and president posts. This firm specializes in the sale of handbags, denim, shoes, and jewelry. Mr. Ressler and his colleague tailored this company to operate on a membership basis. This company handles over 10 million clients.
Mr. Ressler contributions to the growth of JustFab
In 2011, Mr. Don Ressler facilitated the company’s first funding deal that saw the company receive $33 million in capital from Matrix Partners. Having utilized the first round of funds to grow the business, in 2012, JustFab received a second round of venture capital. Among the partners who invested in this firm were Rho Ventures, Matrix Partners, Intelligent Beauty, and Technology Crossover Ventures. With this money, JustFab opened offices in Germany, Canada, and the United Kingdom. In 2013, the company expanded its operations through acquiring FabKids, a brand that markets and sells outfits that suit individual needs of children.
Read more: New Sizes for JustFab | California Apparel News
The same year, Mr. Ressler announced that the business had closed the third round of funding amounting to $40 million. This additional round of financing enabled the company to enter new products into the business. In August 2014, Passport Special Opportunity Fund gave JustFab $85 million worth of capital. Other key stakeholders who participated to this contribution were Sinning Capital, Technology Crossover Ventures, and Matrix Partners. By 2014, Mr. Ressler and his partner had been able to secure a total of $250 million worth of funding. JustFab currently owns industry-leading brands like Fabletics, ShoeDazzle, and FabKids.
Mr. Ressler’s other startups and achievements
Mr. Ressler has been instrumental in setting up other companies, such as Intelligent Beauty, Inc. At Intelligent Beauty, he operated and incubated businesses involved in beauty and fashion. He is also the brains behind FitnessHeaven.Com, Inc., a fitness center that serves high profile clients in the United States. Mr. Ressler is also the founder of Alena Media, a company that pioneered Hydroderm, a skin care brand. Throughout his career, he has helped companies raise capital to the tunes of millions and has generated sales worth $1 billion. Mr. Ressler is an expert is brand building, particularly for Internet companies. He set up Myspace.com, a $650 million dollar company that was acquired by News Corp in 2005.
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