Garmz Pivots To Become Lookk, Aims To Disrupt Fashion Industry Cycle
Wednesday, August 31st, 2011This post is syndicated from Max's shared items in Google Reader, by Mike Butcher

Like a catwalk model pivoting on the runway, Garmz, a startup which allows upcoming fashion designers to cut out the traditional network of buyers and sell clothes straight to consumers, is today rebranding as Lookk and announcing new Seed investment.
Eden Ventures has taken the lead on the investment. Terms were undisclosed but sources say Eden went in for just over £500,000. Other Angels investors have joined the round including 500 Startups founder Dave McClure, Kima Ventures, and Angel investors Sherry Coutu, Richard Titus, Tom Hulme and Net-a-Porter founder Carmen Busquets. The startup is a former 2010 Seedcamp winner and took the standard £50,000 investment then.
Lookk lets new fashion designers upload designs – these are then voted on by consumers. The winning designs are produced by Lookk own in-house operation with Lookk responsible for the the manufacturing, distribution and disbursement of the pieces, including all associated costs.
As you can imagine there are lots of aspiring fashion designers who would jump at such a chance to leap-frog the relatively slow-moving fashion industry.
Andreas Klinger, co-founder and COO of Lookk, says the name change does not mean a change in business model or direction of the company, but more an attempt to better reflect its appeal to designers. The new site is certainly a lot better looking that the previous incarnation.
He explains that it takes several years to gain a reputation as a fashion designer amongst the buying networks. “Buyers can’t trust new designer’s names to sell so they (Read more...)
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