November 16, 2012 at 16:50 PM EST
NuOrder Raises $3M From CAA, Rachel Zoe, GRP To Bring The Wholesale Fashion Business Online
NuORDER , a new LA-based startup that aims to bring the wholesale fashion business online, has raised $3 million led by GRP, with Greycroft, Aileen Lee, David Tisch, Creative Artists Agency, Brian Spaly, Mortimer Singer and Rachel Zoe participating in the round.
nuorder

NuORDER, a new LA-based startup that aims to bring the wholesale fashion business online, has raised $3 million led by GRP, with Greycroft, Aileen Lee, David Tisch, Creative Artists Agency, Brian Spaly, Mortimer Singer and Rachel Zoe participating in the round.

Traditionally, the wholesale fashion business is done offline. Buyers for stores and boutiques meet with manufacturers and designers to choose what to buy for their seasons. NuORDER is a marketplace that allows users to conduct their wholesale business online.

Brands and designers are able to create custom line sheets, place orders, and update inventory in real-time, and the offline iPad app allows brands to conduct business anytime, anywhere. Buyers can access collections online and are able to place digital orders.

Instead of creating paper lookbooks, designers and brands can create digital pdf linesheets. And they can recommend products to buyers within the interface including best sellers, immediates, or a customized selection appropriate for their clientele. Additionally, users can integrate NuORDER with their inventory or accounting systems. NuORDER is free for buyers to use and brands/designers pay a subscription fee.

“Our biggest competitor today are in-person meetings and trade shows,” explains Heath Wells, NuORDER co-founder. “We are here to give the fashion industry the game-changing tools to navigate wholesale business more efficiently than ever before.”

Wells also says that NuORDER’s offering is designed for the iPad, so even in in-person meetings, designers can easily showcase their lines using the tablet device.

Helmut Lang, Levi’s, Elizabeth and James, Adidas, Ted Baker, Cheap Monday, Alternative Apparel, and Citizens of Humanity are already using NuORDER to facilitate their core wholesale business. Over 750,000 units of clothing have been sold through NuORDER in the last 12 months. Obviously designers like Rachel Zoe investing in the company validate the disruption NuORDER could bring to the wholesale clothing business.



Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here