The new fund will bring the consumer-focused venture firm’s assets under management to $1 billion and is intended to be put toward investment opportunities in web3, according to a statement. As part of the announcement, the firm is also promoting two staffers, Kelly Dill and Logan Langberg, to partner.
The fund announcement comes at a challenging time for both public and private markets. Investors and founders enjoyed a prolonged period of soaring valuations and free-flowing capital to now confront a future of economic uncertainty.
Net-a-Porter founder Natalie Massenet and investor Nick Brown co-founded Imaginary in 2018 and have since overseen investments in fashion and beauty brands including Skims, Mejuri and Glossier.
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Skims Plots Its Next Moves: ‘We Don’t Have the Luxury of Failing’
Skims recently raised funding at a $3.2 billion valuation. Kim Kardashian and Jens Grede, in an exclusive interview with BoF, explain how the ‘solution wear’ empire plans to prove it’s more than a pandemic fad. First up: swimwear.
