Nasty Gal founder Sophia Amoruso just raised venture funding for her new company

Nasty Gal founder Sophia Amoruso just raised venture funding for her new company
By Connie Loizos.

Sophia Amoruso famously founded the retailer Nasty Gal, growing it from an eBay store that sold vintage items to a darling of the fashion world that was seeing more than $300 million in sales at one point.

Somewhere along the way, however, Nasty Gal lost its way. After raising $65 million over its 10 years of operation — including from Index Ventures and renowned retail executive Ron Johnson — the company last November filed for Chapter 11 bankruptcy protection, in part to address “immediate liquidity issues.”

The company was ultimately acquired for $20 million in February. In the meantime, Amoruso, who’d stepped away as CEO of Nasty Gal in January of 2016 but remained on as executive chairman, is on to a new business, and now it’s venture-backed. Indeed, the media company that she began building on the side three years ago — Girlboss — is today announcing $3.1 million in seed funding led by Lightspeed Venture Partners, whose partner, Nicole Quinn, led the deal and joins the startup’s board.

Read more at TechCrunch.

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