Tuesday, July 1, 2008

AstleyClarke.com is to build a hugely stylish luxury brand online

What Company Is Offering;
AstleyClarke.com is to build a hugely stylish luxury brand online. Their aim is to be selling more designer jewellery online than traditional jewellery brands such as Tiffany.The luxury e-tailing sector is booming and according to Forrester's Consumer Technographics, data shows that eight out of ten high net worth consumers use the internet daily and actively research and buy luxury goods and services online on a regular basis. Of the luxury firms surveyed that sell online, all report strong growth in their business and expect their e-commerce sales to grow 17 per cent this year on average and 111 per cent over the next five years, representing 22 per cent of sales from all channels by then. By tapping into this market,

How Much They Got From VCs:

AstleyClarke.com, the online luxury jewellery boutique,

announced that it has secured Gbp2.75 million in Series A financing from Index Ventures, the venture capital firm behind e-commerce success stories Betfair and Lovefilm. The London based company plans to use the funds to further build systems and infrastructure and deliver on an ambitious customer acquisition strategy.

Index partner, Danny Rimer, will join Bec Clarke from AstleyClarke.com and Mark Esiri from Venrex on AstleyClarke.com's board of directors.

More at:www.AstleyClarke.com

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