Nasty Gal, the increasingly popular ecommerce site for edgy new designers and vintage fashion, just announced another round of investment at $16 million and the addition of former Apple executive, Ron Johnson.
This is a Series C round, which is less than the $40 Series B round, but still shows the brand is on a growing trajectory having raised $65 million so far.
“Ron and I worked together at the start of our careers in retail,” said Nasty Gal’s new chief executive officer Sheree Waterson who took over from founder Sophia Amoruso in January. “He’s an exceptional talent and I am so excited to work with him again.”
Johnson will now be in the board along with Amoruso, who is the executive chair, and Danny Rimer of Index Ventures, another investor in Nasty Gal.
“Over the past 18 months Ron has become a valued mentor and friend,” Amoruso said. “I can’t imagine anyone more qualified to support our growth in this next phase. This move will allow him to get significantly involved with Nasty Gal to help us succeed in our next phase of growth.”
In November, 2014, Nasty Gal opened up their first retail space on Melrose Ave., which Amoruso subtly announced via her Twitter, and plan to open another store this spring on Third Street Promenade in Santa Monica, CA.
Not only is Nasty Gal on a roll and about to launch its second store, but Amoruso’s book, #GirlBoss: How to Write Your Own Rules While Turning Heads and Turning Profits, has become a huge success especially among young females interested in launching their own businesses in fashion and online.
