Don Ressler’s contribution at JustFab is unmatched. Since founding the company, he has been involved in every major decision, including funding. Don Ressler has played an integral role in securing adequate funding for the company. To this end, the company has been able to acquire other fast-growing businesses and widen its market share.
JustFab secured its initial funding slightly over one year after its founding in 2010. The funding was obtained from the Matrix Partners. It was worth $33 million. The investment made by the U.S. venture capital firm helped the company to increase its products portfolio and establish modern business operations. It also ignited the desire of many businesses to invest in the online subscription retailer. Just a year later, a conglomerate of Matrix Partners, Technology Crossover Ventures, Rho Ventures, and Intelligent Beauty invested over $76 million in JustFab. As a result, the firm expanded its operations outside the United States to the UK, Canada, and Germany.
Following successful leadership and enhanced revenues, JustFab was able to acquire FabKids. The acquisition of the children’s fashion subscription retailer meant that the company started venturing into kids’ wear. It also had the advantage of taking the entire JustKids’ customer base. Although the two companies have similar names, they do not have a prior connection.
The expanding firm soon started attracting celebrities who released their collections through its sub-brands. Some of the notable celebrities who worked with the company are Avril Lavigne, Elle Fowler, and Blair Fowler. In 2013, the show “Kimora: House of Fab” started airing. Through the show, the company exhibited the daily life at the various offices of the enterprise. It was aimed at creating publicity and promoting good public relations. The company benefited greatly from the show as it made the populace aware of its existence.
Don Ressler was also involved in the latest funding procedure undertaken by the company. The third round of funding saw the company receive over $40 million from investors. This money was secured in September 2013. The aim of this money was to help the company accelerate its growth and introduce new products in the market.
Don Ressler is also the founder of Intermix and Intelligent Beauty. The latter is a venture capital company. It has been investing in various start-ups in the United States. Intelligent Beauty has been interested in enterprises engaged in different fields, including fashion and information technology. Ressler is also associated with Fabletics. JustFab owns this successful corporation.
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