Thread receives 22 million pounds funding boost

Personalised menswear styling and ecommerce service Thread has announced through a statement that it raised 22 million pounds (26.4 million dollars) in additional funding through Series B funding round led by Balderton Capital, Beringea, Forward Partners, and H&M group’s investment arm H&M CO:LAB, with participation from retail investor Maurice Helfgott, and former Lane Crawford deputy president Sebastian Picardo. This round brings total investment in Thread to over 40 million pounds (52.8 million dollars).