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Corporate spend and cash management company Rho today announced that it has raised a $75 million Series B funding round, alongside a redesign and rebranding.
Lyst, a London, UK-based fashion shopping platform, raised $85m in funding.
Backers included Fidelity International, Novator Capital, Giano Capital and C4 Ventures, and earlier investors Draper Esprit, 14W, Accel, Balderton Capital, Venrex and LVMH.
The company, which is reportedly pursuing a public listing next year, intends to use the funds to continue to expand operations and its business reach.
Founded by Chris Morton, Devin Hunt, and Sebastjan Trepca in 2010, Lyst provides a fashion shopping platform that lets users to buy clothes and accessories from thousands of online stores. The company works as an inventory-free platform and leverages a proprietary data engine to give customers a really personalized shopping experience.