New York-based Imaginary Ventures announced it has closed its inaugural fund with $75 million in commitments. The early-stage firm invests in the beauty, wellness, food and beverage, lifestyle and fashion sectors. Its portfolio includes, among others, Appear Here, Dirty Lemon, Farfetch, Hum Nutrition and Universal Standard. Imaginary was co-founded by Natalie Massenet, who in 2015 resigned from luxury e-tailer Net-A-Porter, and Nick Brown, who most recently was a partner at 14W Venture Partners in New York. Other team members include Kelly Dill, an investment principal who previously was at Glossier and Uber, and CFO Katherine O’Neil, previously at CRV and Founder Collective.
Source: Firm press release
Photo of Natalie Massenet, formerly with online fashion retailer Net-A-Porter, is seen here speaking during the International Herald Tribune luxury goods conference “Techno Luxury” in Berlin, Nov. 17, 2009. Reuters/Thomas Peter