Origin Ventures Adds Pair to Partnership Roster
Prashant Shukla to partners in the firm.
Over his five years with Origin, Stern has directed investments in marketplaces and software companies and serves as a director or observer with Tovala, Idelic, Anthill, Fountain, Kidizen, and Voxpopme. He previously spent six years as a quantitative energy trader, using advanced computing and big data approaches. Earlier in his career, he founded Qore, a performance apparel and thermoregulation startup.
Stern earned a B.A. in Economics and Mathematics from Washington University in St. Louis and an MBA from the University of Chicago Booth School of Business with concentrations in Entrepreneurship and Finance.
Dive Brief:
Vivrelle, a high-end jewelry and handbag membership club, raised $26 million in Series A funding, according to a company press release emailed to Retail Dive. Origin Ventures led the funding round with participation from Chapford Capital Group.
The investment will help the company grow its membership, expand its product offering, launch new marketing initiatives and partnerships and scale its services, operations and internal teams, the company said.
The funding round will also enable the company to add thousands of additional members from its waiting list, per the announcement. Vivrelle reported triple-digit growth in 2020.
Dive Insight:
The funding round follows the launch of Vivrelle s mobile app in February. Blake Geffen, co-founder and CEO of Vivrelle, said the funding round will help scale the platform as the company advances the growth of circular fashion.