Adam Goldenberg- Expert in Fashion and e-commerce
On September 2013, Adam Goldenberg along with his co-CEO announced that JustFab had closed a $40 million funding deal to assist the company accelerate to become a leading international fashion brand. The funding saw the company change its business model and change its name from JustFab to TechStyle group. The funding was the 3rd round received by the firm to venture in different fields of fashion.
TechStyle has been at the forefront of advancing itself through massive funding. In 2014, the company received another funding that was worth $ 85 million. Passport Special Fund led the funding. Other existing investors in the company participated in the funding such as Technology Crossover Ventures and Matrix Partners. The total capital base of the company has grown and is now valued at $1 billion.
Under the leadership of Adam Goldenberg, TechStyle group has increasingly grown to be the market leader it is today. Several celebrities have assisted in the advancement of the company too. Star and actor Kate Hudson has been at the forefront of advancing Fabletics, a company that focuses on fashion activewear.
Adam Goldenberg’s business model has worked because it has a large focus on addressing customer needs. The company concentrates on a personalized fashion shopping experience and treats each client as the most important person in the enterprise. The company has increasingly grown and advanced its business throughout the entire United States and other parts of the world. Just recently, the company received a funding worth over $ 300 million through venture capital funds. The recent funding saw the company become valued at $ 1 billion, hence acquiring the name Unicorn.
In a recent interview at CNBC, Goldenberg noted the significant achievements made by the company and why they deserve to be called unicorns. He beat his chest over how TechStyle has become a leading valued company. He prides himself in the various accomplishments he has made through his employees that make him profoundly happy.
Adam Goldenberg certainly has a lot to brag about his achievements. He entered the fashion arena with little knowledge about how to run a fashion business. He however had a strong background in marketing and startup. Adam Goldenberg had built his experience from a young age of 15 where he had started his e-commerce company and later sold it to Intermix Media. Intermix Media was under MySpace; Mr. Goldenberg managed various business operations of the enterprise.