40 Trending Fashion Companies & Startups (2024)
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Due to the global upheaval of the coronavirus pandemic, the fashion industry’s profits took a hit in 2020, according to McKinsey’s & Company’s State of Fashion.
The industry then came swinging back in 2021 and 2022 with record economic profits. However, 2023 came with its own set of challenges, as the US and Europe saw slow growth. Looking ahead to 2024, McKinsey predicts that the global industry will fare well and have top-line growth of 2 to 4%.
We’ve researched and compiled information on 40 fashion startups primed to profit off of the expected rise in digital channels and other up-and-coming shifts in the fashion world. Read on for funding information and more on these notable companies.
1. Skims
Search growth status: Exploding
Year founded: 2019
Location: Culver City, CA
Funding: $701M (Series C)
What they do: Skims is a loungewear, underwear and shapewear brand founded by Kim Kardashian. With a focus on size inclusivity, the collections have over 26K five-star ratings. The startup also launched swimwear in March 2022, with prices ranging from $32 to $108.
2. Vuori
5-year search growth: 1,220%
Search growth status: Exploding
Year founded: 2013
Location: Encinitas, CA
Funding: $445M (Series Unknown)
What they do: Vuori is an athleisure company that offers clothing for both women and men. Although it is based in the San Diego area, it is expanding to 7 new countries this year, including Canada, Australia, the UK, France, Germany, Ireland and Netherlands. As of its last funding round last year, the startup is valued at $4B.
3. Shein
5-year search growth: 431%
Search growth status: Exploding
Year founded: 2008
Location: Nanjing, China
Funding: $4.1B (Private Equity)
What they do: Shein is a Chinese fast fashion online clothing retailer. The startup posts over 6,000 new products daily, and could potentially be worth $100B in its next funding round, topping the owners of H&M, Uniqlo and Zara. In 2020 alone, sales tripled to $10B.
4. Les Benjamins
5-year search growth: 1,440%
Search growth status: Exploding
Year founded: 2011
Location: Istanbul, Turkey
Funding: Undisclosed
What they do: Les Benjamins is a fashion shopping platform that sells merchandise that symbolizes modern Eastern culture. Founded in 2011, the startup is best known for its comfortable clothing texture and creative styles. Les Benjamins caters to men, women, and children, and is most known for its swimwear collection.
5. NA-KD
5-year search growth: 4,000%
Search growth status: Peaked
Year founded: 2015
Location: Gothenburg, Sweden
Funding: $88.5M (Secondary Market)
What they do: NA-KD.com is a fashion marketplace founded in Sweden. The website’s inventory includes products from well-known, established brands, such as Levi’s and Calvin Klein, in addition to unique collaborations with social media influencers. Entrepreneur and founder Jarno Vanhatapio has considerable experience in e-commerce, having founded successful e-commerce businesses ZooZoo.com and Nelly.com. On December 21, the company plans to go green and merge with Cenntro Automatic Group.
6. Clove Shoes
Search growth status: Regular
Year founded: 2018
Location: Philadelphia, Pennsylvania
Funding: $1.5M (Seed)
What they do: Clove Shoes is a sustainable fashion organization that creates comfortable and stylish shoes for women. The company uses vegan leather made from organic materials, such as apple peels and corn waste, and recycled rubber for its soles. Clove Shoes also donates a portion of its profits to organizations that support education for women and girls.
7. Everlane
5-year search growth: -30%
Search growth status: Peaked
Year founded: 2010
Location: San Francisco, California
Funding: $176.2M (Debt Financing)
What they do: Everlane is an apparel company that designs and produces items for both women and men. The fashion brand focuses on creating well-made items that are also made in a socially responsible manner, and they partner exclusively with factories that demonstrate ethical practices when it comes to wages, working environment, and work hours. Founder/CEO Michael Preysman started the company when he was 25, working with former CTO and co-founder Jesse Farmer to build the business.
8. 4th & Reckless
5-year search growth: 8,200%
Search growth status: Regular
Year founded: 2016
Location: Manchester, United Kingdom
Funding: Undisclosed
What they do: 4th and Reckless is a UK-based fashion startup that offers affordable and trendy clothing, shoes, and accessories for women. The brand is known for its bold and fashion-forward designs, which are influenced by the latest trends in the fashion industry. 4th and Reckless has a strong presence on social media and has gained a loyal following among fashion-conscious young women.
9. Universal Standard
5-year search growth: 6,100%
Search growth status: Regular
Year founded: 2015
Location: New York, New York
Funding: $8.5M (Series A)
What they do: Universal Standard is an apparel company focused on providing fashion for women of different body types. The brand’s “universal sizing” is based on a more realistic look at female body types in the U.S., with options ranging from 4XS to 4XL. Universal Standard was co-founded by Polina Veksler and Alex Waldman, who wanted to give women of all sizes a quality, rewarding shopping experience.
10. Lunya
5-year search growth: 132%
Search growth status: Regular
Year founded: 2014
Location: Santa Monica, CA
Funding: Undisclosed
What they do: Lunya sells quality, elevated sleepwear using its own fabrics, such as washable silk, hypoallergenic wool, and antimicrobial pima, designed specifically for comfort and wearability. Ashley Merril, who founded Lunya and its brother company Lahgo, originally aimed to offer women a better, more thoughtfully created alternative to traditional sleepwear options.
11. Bolt Threads
5-year search growth: -5%
Search growth status: Exploding
Year founded: 2009
Location: Emeryville, California
Funding: $334.1M (Series E)
What they do: Bolt Threads creates innovative materials with a focus on preserving the environment and reducing the impact of the textile industry. Materials they’ve produced include Mylo, a leather alternative made out of mycelium, and b-silk protein, a bioengineered substance used in skin and hair care products. Bolt Threads was founded by Dan Widmaier, Ph.D., and David Breslauer, Ph.D.
12. Colorful Standard
5-year search growth: 886%
Search growth status: Exploding
Year founded: 2017
Location: Copenhagen, Denmark
Funding: Undisclosed
What they do: Colorful Standard is a Danish fashion brand that aims to create high-quality, ethical and sustainable clothing essentials for everyday wear. Their products are made from organic cotton and produced in Portugal, ensuring a high level of craftsmanship and attention to detail. The brand also offers a range of unisex clothing options, featuring a colorful palette of muted tones that are both timeless and on-trend.
13. Pomelo
5-year search growth: 69%
Search growth status: Regular
Year founded: 2013
Location: Bangkok, Thailand
Funding: $124.5M (Series D)
What they do: Pomelo is a Bangkok-based fashion company that offers current styles at reasonable prices for a global customer base. Pomelo was founded by David Jou, whose previous pursuits include co-founding e-commerce and technology company Lazada and spending time at New Mountain Capital and Bain & Company. The fashion company raised another $10 million in their most recent funding round, which will be used to expand their presence to other worldwide markets.
14. Urbanic
5-year search growth: 3,000%
Search growth status: Peaked
Year founded: 2018
Location: London, England
Funding: $150M (Series C)
What they do: Urbanic is a fashion startup that offers trendy and stylish clothing, shoes, and accessories for women. The company aims to provide affordable and sustainable fashion options for conscious consumers. Urbanic's products are curated by a team of fashion experts, and the company frequently collaborates with emerging designers and brands to offer unique and exclusive items to their customers.
15. ManiMe
5-year search growth: -5%
Search growth status: Peaked
Year founded: 2017
Location: Santa Monica, California
Funding: $8.9M (Series Unknown)
What they do: ManiMe is an at-home manicure company that produces and delivers stick-on gel manicure sets. The startup leverages 3D technology in creating their nails, which require less time to apply than traditional salon services and last up to 2 weeks. ManiMe was founded by former Stanford Graduate School of Business students Jooyeon Song and David Miro Llopis.
16. Lookiero
5-year search growth: -38%
Search growth status: Peaked
Year founded: 2016
Location: Bilbao, Spain
Funding: $53.6M (Series C)
What they do: Lookiero is a clothing curation and personal shopping company targeted at women in the UK, France, Spain, Portugal, Italy, Belgium, and Luxembourg. Like U.S. competitor StitchFix, users of Lookiero received a customized box of clothing tailored to their preferences. Lookiero snagged a €17 million investment in late 2019 with ambitions to use the money to grow its reach.
17. Cudoni
5-year search growth: 25%
Search growth status: Peaked
Year founded: 2015
Location: London, England
Funding: $17.9M (Series B)
What they do: Cudoni is an online marketplace that allows users to buy and sell previously-owned luxury items. Founded by James Harford-Tyrer, Cudoni’s investors include Vita Coco CEO Giles Brook and Capital One founder Matt Cooper.
18. Dolls Kill
5-year search growth: -10%
Search growth status: Peaked
Year founded: 2012
Location: San Francisco, CA
Funding: $61.6M (Series B)
What they do: Dolls Kill is an apparel and accessories company with an e-commerce presence paired with retail stores that sell clothing for “misfits.” The company features collections created around specific personality aesthetics, or “dolls,” with a focus on club and festival clothing. Founded by husband and wife Shoddy Lynn and Bobby Farahi, Dolls Kill received a $40M investment from venture company Sequoia in 2019.
19. Queenly
5-year search growth: 72%
Search growth status: Regular
Year founded: 2019
Location: San Francisco, California
Funding: $9.4M (Seed)
What they do: Queenly is a peer-to-peer e-commerce site and mobile app focused on matching women with the right formal wear for their prom, wedding, or other formal events. Despite its launch during a global pandemic, Queenly saw upwards of half a million in sales and tens of thousands of daily site visitors in 2020, according to Kathy Zhou and Trisha Bantigue, the company’s co-founders.
20. The Cottagecore
5-year search growth: 2,600%
Search growth status: Regular
Year founded: 1988
Location: Overland Park, Kansas
Funding: Undisclosed
What they do: The Cottagecore is a sustainable fashion brand that offers timeless pieces with a vintage aesthetic inspired by the English countryside. The brand prides itself on using eco-friendly materials such as organic cotton, linen, and Tencel, and producing their garments ethically in small batches. The Cottagecore's collections include dresses, blouses, and skirts, all designed with feminine details such as lace and ruffles.
21. True Classic
5-year search growth: 6,600%
Search growth status: Regular
Year founded: 2019
Location: Los Angeles, CA
Funding: Undisclosed
What they do: True Classic is a fashion startup that offers high-quality, comfortable and affordable men's clothing. Their focus is on basics such as t-shirts, hoodies, and shorts, with a mission to create a simple and timeless wardrobe. They use premium materials and offer a variety of colors and sizes to ensure their clothing can be enjoyed by all.
22. StockX
5-year search growth: 49%
Search growth status: Regular
Year founded: 2015
Location: Detroit, Michigan
Funding: $690M (Secondary Market)
What they do: StockX offers a virtual marketplace specializing in rare and popular sneakers, in addition to apparel and other sought-after items. On the platform, users can purchase and sell items with a transparent live bidding method. StockX touts secure transactions, guaranteed authenticity, and global reach. The company’s valuation was $2.8B as of December 2020.
23. Rebag
5-year search growth: 600%
Search growth status: Peaked
Year founded: 2014
Location: New York, NY
Funding: $101.3M (Series E)
What they do: Rebag is a second-hand luxury goods resale site. Its product categories include handbags, watches, jewelry and more. In April 2022, the company also launched Rebag Auction, which allows clients to know exactly when new arrivals will drop on the site.
24. Mejuri
5-year search growth: 171%
Search growth status: Regular
Year founded: 2013
Location: Toronto, Canada
Funding: $28M (Series B)
What they do: Mejuri is a DTC jewelry startup that focuses on affordable luxury pieces not just for special occasions but for daily wear. Mejuri prioritizes quality craftsmanship alongside socially conscious production practices, with partners in Toronto, Canada; Seoul, Korea; Arezzo, Italy, and more. Noura Sakkijha and her husband, Majed Masad, founded the company in 2013.
25. Outway
5-year search growth: 464%
Search growth status: Exploding
Year founded: 2016
Location: Victoria, Canada
Funding: $3.2M (Seed)
What they do: Outway designs and manufactures socks. Originally created to meet the needs of professional athletes, the socks are now made to be wearable for any occasion. The product has several characteristics, including breathability, compression and arch support. Since its inception in 2016, the company has sold “millions” of socks.
26. Groundies
5-year search growth: 4,800%
Search growth status: Regular
Year founded: 20120
Location: Hamburg, Germany
Funding: Undisclosed
What they do: Groundies is a fashion startup that creates high-quality, handmade shoes that are designed for comfort and sustainability. Their shoes are made using eco-friendly materials such as cork, organic cotton, and recycled plastic, and are produced under fair working conditions. Groundies also donates a portion of their profits to environmental and social causes.
27. By Rotation
5-year search growth: 138%
Search growth status: Regular
Year founded: 2013
Location: London, England
Funding: $3.4M (Seed)
What they do: By Rotation is a clothing rental, lending and purchasing app. Lenders can list their item on the app in less than 2 minutes, and get paid after their item is successfully rented. Renters can browse and communicate with lenders via the app. For lenders with a large wardrobe that do not have the time to ship their items, By Rotation offers a concierge service.
28. The Frankie Shop
5-year search growth: 800%
Search growth status: Exploding
Year founded: 2014
Location: New York, NY
Funding: Undisclosed
What they do: The Frankie Shop is a boutique clothing store located in the Lower East Side in New York City, as well as in Paris, France. The clothing pieces are limited supply and tagged with the #frankiegirl hashtag on Instagram. In January 2022, the label debuted a line of menswear for the first time, with price points ranging from $150 to $180.
29. ShopLook
Search growth status: Regular
Year founded: 2018
Location: San Francisco, CA
Funding $150K (Pre-Seed)
What they do: Powered by Google, ShopLook is an app that offers personal styling inspiration. Users can create and discover new outfits, build vision boards and interact with the community. The short form videos are 90 seconds long, and there are more than 1M app users.
30. Kill Crew
5-year search growth: 400%
Search growth status: Exploding
Year founded: 2020
Location: Los Angeles, California
Funding: Undisclosed
What they do: Kill Crew is a Los Angeles-based fitness and lifestyle clothing company. The brand focuses on promoting mental and physical health, aiming to help individuals combat mental health issues through training. Their primary clothing products are for weight lifting, jiu-jitsu, and Muay Thai training. Today, the brand has nearly 600,000 followers on Instagram.
31. Vinted
5-year search growth: 189%
Search growth status: Regular
Year founded: 2008
Location: Vilnius, Lithuania
Funding: $562.3M (Secondary Market)
What they do: Vinted is an online clothing marketplace for secondhand clothing. The startup offers thousands of brands on its app. For users who post their items to sell, there are no seller fees, so they can keep all the earnings. Vinted also offers a Buyers Protection fee with each purchase to ensure that buyers receive the exact item that they purchased.
32. Savage X Fenty
Search growth status: Regular
Year founded: 2017
Location: El Segundo, California
Funding: $310M (Series C)
What they do: Savage X Fenty is a lingerie and apparel company founded and run by famous music artist Rihanna, aka Robyn Rihanna Fenty. The company’s key focus is to revolutionize the lingerie space by offering a wide range of styles at affordable prices. In February 2021, Savage X Fenty hit a whopping $1 billion valuation.
33. GOAT
5-year search growth: -5%
Search growth status: Regular
Year founded: 2011
Location: Culver City, CA
Funding: $492.6M (Series F)
What they do: GOAT is an online sneaker and streetwear marketplace. Based in Southern California, the company has 13 physical store locations across the US, Asia and Europe, and ships to 170 countries around the world. The platform features over 350 brands.
34. Lenskart
5-year search growth: 8%
Search growth status: Regular
Year founded: 2010
Location: Faridabad, India
Funding: $1.6B (Series I)
What they do: Lenskart is an Indian online shopping platform for eyewear. The company promises a 48-hour free delivery and a 1-year return policy. Catering to all age groups, customers can choose from over 500 different eyewear designs, as well as from a collection of contact lenses.
35. Musinsa
5-year search growth: 119%
Search growth status: Regular
Year founded: 2001
Location: Seoul, South Korea
Funding: $476.7M (Series C)
What they do: Musinsa is an online shopping platform based in Seoul. In May 2021, the startup opened its first brick-and-mortar store, which saw 80K visitors that month. On average, there are 23K order pickups in a month, which is equivalent to almost 18% of the physical store's entire sales.
36. LTK
5-year search growth: 355%
Search growth status: Exploding
Year founded: 2011
Location: Dallas, TX
Funding: $315M (Series Unknown)
What they do: LTK is a platform that allows influencers to create and sell branded merchandise. Over 5,000 retailers also use the platform to run marketing campaigns and collaborate with influencers. To date, more than $1B has been invested in influencer marketing on the platform, and shoppers have purchased $3B+ of products each year.
37. Printful
5-year search growth: 145%
Search growth status: Regular
Year founded: 2013
Location: Charlotte, NC
Funding: $130M (Private Equity)
What they do: Printful is an online marketplace that allows customers to create and sell custom products. With eight fulfillment centers around the world, the company has delivered 32M+ items and hit more than $200M in revenue in 2020.
38. Popshop Live
5-year search growth: 300%
Search growth status: Peaked
Year founded: 2016
Location: New York, NY
Funding: $23M (Series A)
What they do: Popshop Live is a live streaming marketplace. Currently only available in the US, users can host their own channel and interact with buyers through the platform. Sellers are seeing GMV of $500K and more, and 80% of customers return within one month to buy more.
39. Fashionphile
5-year search growth: -20%
Search growth status: Regular
Year founded: 1999
Location: Carlsbad, CA
Funding: $38.5M (Series B)
What they do: Fashionphile is an online marketplace for second-hand luxury handbags, accessories, jewelry and watches. Its inventory is also available at select Neiman Marcus stores. The company uses algorithms to authenticate merchandise. This involves feeding the algorithms millions of photos to train them to recognize patterns and spot counterfeits.
40. Hill House Home
5-year search growth: 11%
Search growth status: Regular
Year founded: 2016
Location: New York, NY
Funding: $28.4M (Series A)
What they do: Hill House Home is a lifestyle brand that sells clothing for women and babies and home goods. While the startup began as a bedding company, in 2021 it expanded into apparel, launching a line of women’s clothing in the summer. Prices ranged from $25 to $175.
Conclusion
As consumers’ needs and attitudes change, the world of fashion shifts alongside them.
From startups that prioritize ethical supply chains to brands that champion inclusive sizing, these 40 companies are perfect examples of businesses with the foresight and intuition to provide customers with fashion products and experiences that will resonate with the mass market.
