Seattle startup TomboyX raises $18M to further develop its underwear brand for all body types

Seattle startup TomboyX raises $18M to further develop its underwear brand for all body types

1:04am, 14th May, 2019
(TomboyX Photo) , the Seattle-based startup bringing gender-neutral underwear to the masses, is apparently a good fit for investors, too, as the company just closed an $18 million Series B funding round. Launched in 2013 by married founders Fran Dunaway and Naomi Gonzalez, TomboyX targets “plus-sized, gender non-conforming and specialized tradespeople” with its apparel products. The company raised $4.3 million in a Series A round last summer, and total funding is $24.3 million to date. This round was led by , which becomes TomboyX’s majority stakeholder, and the capital will be used to invest in product development and brand-related campaigns, according to a news release. “We are very excited to collaborate with the team at The Craftory as we continue in our mission to design inclusive and gender-neutral underwear for our diverse global audience,” Dunaway and Gonzalez said in a statement. “We are confident that their expertise in branding and consumer goods will complement our own creativity and disruption of traditional products.” TomboyX founders Fran Dunaway and Naomi Gonzalez. (TomboyX Photo) TomboyX stresses that its underwear produces comfort across a broad range of silhouettes and sizes, and is fit-tested on hundreds of bodies, from size XS-4X. Elio Leoni Sceti, co-Founder and chief crafter at The Craftory, called TomboyX a “forward-thinking brand” taking on some of society’s biggest issues. “We are extremely proud to be welcomed to join the team as they expand their global reach and continue to design innovative sustainable pieces,” Sceti said. “It is crucial that companies like TomboyX continue to champion self-esteem as we move towards a more open, progressive society.” Craftory directors will join the TomboyX board along with fashion industry veteran Pauline Brown of TAU Investment Management, a New York and Hong Kong-based investment firm with expertise in the global apparel and textile value chain.
Blockchain startup incubator launching in Portland to help develop enterprise technologies

Blockchain startup incubator launching in Portland to help develop enterprise technologies

11:55am, 24th April, 2019
The new blockchain startup incubator will open in Portland’s Pearl District. (Flickr Photo / ) An incubator designed to support startups developing blockchain products for businesses is launching in Portland this summer. The will bring a cohort of startups together to identify business problems that could be addressed by the burgeoning technology. A team of mentors will advise the entrepreneurs as they develop their enterprise blockchain products before presenting them at a demo event in October. Blockchain creates secure, decentralized records of transactions and investors on the technology’s possible applications in finance, retail, healthcare, and any business that requires record keeping. The new Portland incubator is a public-private partnership seeking to identify applications for blockchain that can be scaled by corporate partners. The goal is “to build a blockchain-based ecosystem, and position Oregon’s businesses and institutions to further compete globally,” according to R/GA Ventures, the organization behind the new incubator. R/GA Ventures is the investment arm of , an international advertising and marketing firm under the umbrella. “The intersection of the state’s technology workforce and commercial interests provides an opportunity for Oregon to be one of the first state sponsors of a public-private partnership to embrace blockchain technologies, potentially transforming how we live, work, play, learn, and govern,” R/GA said in a statement. The Oregon Enterprise Blockchain Venture Studio will launch July 29 and run through the October demo event. The incubator is currently accepting applications from startups. Technologists and government officials are already working to make the Pacific Northwest a blockchain hub. In March, the to give blockchain organizations a unified voice around public policy and marketing, as well as to create community and share resources.