AstleyClarke.com, a UK-based online retailer of luxury jewelry, raised Gbp2.75 million in Series A funding from Index Ventures.
AstleyClarke.com, the online luxury jewellery boutique, today
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
Index partner, Danny Rimer, will join Bec Clarke from AstleyClarke.com and Mark Esiri from Venrex on AstleyClarke.com's board of directors.
Established in 2006 by Bec Astley Clarke, following her experience as a key member of the Tesco.com team, the business has quickly established itself as one of the
As a leading luxury e-tailer, AstleyClarke.com has already achieved huge recognition amongst industry peers when it was awarded
Bec Clarke said, “We are delighted that Index Ventures share our vision for building a significant luxury brand online. They bring with them exceptional expertise in the online arena which we look forward to applying to the luxury space.”
“Our vision at AstleyClarke.com is to build a hugely stylish luxury brand online. Our aim is to be selling more designer jewellery online than traditional jewellery brands such as Tiffany.”
Danny Rimer said, “We believe that the luxury e-tailing sector is exploding and the selection and customer service that consumers experience online is often superior to that of the high street. The
luxury designer jewellery space is currently underpenetrated and, given our experience in the online and e-commerce space, it's a natural focus for us.”
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,
AstleyClarke.com has won a strong, loyal customer following and provides a luxury shopping experience for customers across Europe, the United States and the Middle East.