About DressX
DressX is a company based in Wilmington (United States) founded in 2019 by Natalia Modenova and Daria Shapovalova.. DressX has raised $18 million across 3 funding rounds from investors including Warner Music, Unlock Venture Partners and Red DAO. DressX offers products and services including DRESSX.ME AI Stylist, DRESSXAI_BOT, DRESSX Metacloset AR App, DRESSX AR Camera, and DRESSX Avatars Fashion.
- Headquarter Wilmington, United States
- Founders Natalia Modenova, Daria Shapovalova
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name More Dash Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$18 M (USD)
in 3 rounds
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Latest Funding Round
$15 M (USD), Series A
Mar 14, 2023
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Investors
Warner Music
& 11 more
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Employee Count
Employee Count
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Products & Services of DressX
DressX offers a comprehensive portfolio of products and services, including DRESSX.ME AI Stylist, DRESSXAI_BOT, DRESSX Metacloset AR App, DRESSX AR Camera, and DRESSX Avatars Fashion. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Generates and transforms outfits in user photos using AI.
Enables AI fashion changes via Telegram and Discord platforms.
Provides virtual try-on for digital clothing and accessories.
Facilitates augmented reality outfits for video calls.
Supplies digital collections for platforms like Roblox and Meta.
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Funding Insights of DressX
DressX has successfully raised a total of $18M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $15 million completed in March 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $15.0M
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First Round
First Round
(06 Jul 2021)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2023 | Amount | Series A - DressX | Valuation | Greenfield | |
| Sep, 2021 | Amount | Seed - DressX | Valuation |
investors |
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| Jul, 2021 | Amount | Seed - DressX | Valuation | Alpha Edison , The Artemis Fund |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in DressX
DressX has secured backing from 12 investors, including venture fund and institutional investors. Prominent investors backing the company include Warner Music, Unlock Venture Partners and Red DAO. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Crypto projects are funded by Greenfield, a venture capital firm.
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Early-stage tech investments are made primarily in US companies.
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Growth equity investments are targeted by The Artemis Fund.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by DressX
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - DressX
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Dressx Comparisons
Competitors of DressX
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Dressx
Frequently Asked Questions about DressX
When was DressX founded?
DressX was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is DressX located?
DressX is headquartered in Wilmington, United States. It is registered at Wilmington, Delaware, United States.
Is DressX a funded company?
DressX is a funded company, having raised a total of $18M across 3 funding rounds to date. The company's 1st funding round was a Seed of $2M, raised on Jul 06, 2021.
What does DressX do?
DressX was founded in 2019 in Wilmington, United States, and functions as an online marketplace in the digital fashion sector. Items such as dresses, tops, scarves, jewelry, and other apparel from designer brands and 3D creators are provided. Video looks are featured on the platform, along with an iOS mobile application. Operations focus on sustainable practices that reduce waste, chemicals, and carbon emissions.
What products or services does DressX offer?
DressX offers DRESSX.ME AI Stylist, DRESSXAI_BOT, DRESSX Metacloset AR App, DRESSX AR Camera, and DRESSX Avatars Fashion.
Who are DressX's investors?
DressX has 12 investors. Key investors include Warner Music, Unlock Venture Partners, Red DAO, Greenfield Capital, and Slow Ventures.