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Lyst - an $85m fundraise

13 May 2021

Lyst raises pre-IPO round as users surge to 150m. Numis has acted as Financial Advisor to Lyst in its $85m fundraise.

 

Lyst banner

“We’re thrilled with the result, which the Numis team really helped us deliver using their unique network and e-commerce expertise.”

Chris Morton CEO & Founder, Lyst
An $85m fundraise - Lyst, the leading global fashion platform, announces an $85m pre-IPO financing.
New investors include certain funds managed by Fidelity International, Novator Capital, Giano Capital and C4 Ventures, alongside existing investors including Draper Esprit, 14W, Accel, Balderton Capital, Venrex and LVMH.
Lyst figures grouped

Rapid growth with $2bn lifetime GMV

Lyst’s rapid growth continued in 2020, with over 150m shoppers using the Lyst app and website to buy from an assortment of 8m products from over 17,000 brands and retailers.

GMV last year exceeded $500m, following 1100% growth in new users on the Lyst app. Lifetime GMV is now over $2bn.

"Lyst is becoming a fashion category leader. We're excited to use this raise from top-tier investors to continue personalising the fashion shopping experience to each of our millions of customers, while helping our partner brands thrive."

Chris Morton
CEO & Founder, Lyst

The future of fashion

Lyst operates an inventory-free platform and uses a proprietary data engine to provide each customer with a personalised shopping experience. 

Thousands of brands and retailers partner with Lyst to drive sales within a trusted brand environment.
 

“Lyst is building the future of fashion shopping with a data-driven, personalised approach.”

Mateo Rando Chief Product Officer, Lyst

An authoritative voice

Lyst is also a unique source of fashion data insight and is responsible for the Lyst Index, the industry’s leading report of the hottest brands and products globally. 

See the biggest fashion trends of 2020

A diverse and inclusive culture

Diversity and inclusion are integral to Lyst’s culture. Lyst celebrates the value and impact of diversity – and exceeded its target for hires with a BAME background by 25 percentage points last quarter.  

Learn more about life at Lyst.

 
Interested in learning more?

Get in touch with our Growth Capital solutions team

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