Adam Goldenberg and Don Ressler have served as the co- Chief Executive Officers of TechStyle Fashion Group since March 2010. As a lifestyle and fashion company, TechStyle specializes in the development of leading brands and fashion ventures. The company has a VIP membership base of over four million members through its shoe brand portfolio. TechStyle also offers a wide range of apparel and accessories. As a result, customers are offered a personalized, tailored shopping experience. As Co-CEOs of TechStyle, Ressler presides over TechStyle’s vision, talent, and customer experience whereas Goldenberg presides over margins, marketing, data and internal systems.
The Funding History of JustFab
In 2011, JustFab received its first funding amounting to 33 million dollars from Matrix Partners, a well-known venture capital corporation in America. In 2012, JustFab received an additional 76 million dollar funding from Matrix Partners alongside other companies like Technology Crossover Ventures, Intelligent Beauty, and Rho Ventures. On September 2013, the company closed a 40 million deal which served as its third round of funding.
TechStyle Group History and Goldenberg & Ressler’s Roles.
JustFab was established in 2010 by Goldenberg and Ressler who later renamed it to Techstyle Fashion Group in 2016. The TechStyle name suggestion was done by the corporate marketing officer, Shawn Gold, who aimed at highlighting the company’s technological roots. Currently, TechStyle is the leading fashion company with brands such as ShoeDazzle, Fabletics, Fabkids, and JustFab available in USA, France, Spain, UK, Denmark, Canada, Germany, Sweden, and Netherlands. In fact, in 2015, Fabletics became TechStyle’s fastest rising fashion label.
TechStyle headquarters in El Segundo, CA
The fashion company has its headquarters in El Segundo, California. According to Don Ressler, once the business grew they chose that location because they wanted the company to be based in a city that was near the beach and international airport. Currently, they have more than 128,000 square feet of office space, and the surrounding area provides the company with various opportunities to lead in the latest fashion trends.
Media Calls JustFab a unicorn
In August 2014, JustFab got its fourth funding of raised eighty-five million dollars from the Passport Special Opportunity Fund. As a result, JustFab’s total funding amounted to 300 million dollars, and it automatically became a unicorn, an exclusive club or company with a valuation of over one billion dollars. Currently, JustFab’s valuation is over 1 billion dollars. In 2014, 38 companies joined the one billion dollars exclusive club, and in 2016, 16 other companies joined as well. According to the media, businesses that reach the billion dollar mark should not change their business operations.