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DTC Women's Fashion Brands sector

Strategic acquirers, private equity (buyout funds and growth funds) firms, and valuation benchmarks for DTC Women's Fashion Brands

1.1 - About DTC Women's Fashion Brands sector

Companies in the DTC Women's Fashion Brands category are digital-native apparel labels that design, source, and sell women’s clothing primarily through ecommerce channels. They monetize proprietary collections and capsules, leverage data-driven merchandising, and control the customer relationship end-to-end. The value proposition centers on trend responsiveness, inclusive assortments, competitive pricing from bypassing wholesale, and fast, convenient delivery with easy returns—hallmarks of internet‑first, ecommerce‑first fashion operators.

These companies operate branded online storefronts and mobile apps, release proprietary apparel lines across dresses, denim, workwear, and athleisure, and run small‑batch or on‑demand production to test demand before scaling. They deploy fit and size recommendation tools, virtual try‑on or rich product imagery, and social commerce integrations for conversion. Typical stacks include Shopify or custom platforms, BNPL checkout, omnichannel fulfillment, and robust returns portals that streamline reverse logistics and customer support.

They primarily serve female online shoppers across casualwear, workwear, athleisure, and occasionwear segments, with strong emphasis on plus‑size and maternity niches; some also supply select boutiques or marketplaces. Outcomes for customers include better fit accuracy, faster shipping with transparent tracking, broader size ranges and inclusive styles, and lower effective prices via DTC margins—driving higher repeat purchase rates and loyalty for these internet‑first fashion businesses.

2. Buyers in the DTC Women's Fashion Brands sector

2.1 Top strategic acquirers of DTC Women's Fashion Brands companies

ThirdLove Logo

ThirdLove

HQ: United States Website
  • Description: Provider of women's undergarments and activewear sold online, offering bras, underwear and sports bras engineered for comfort, precise fit and style, including half-cup sizing and cooling, supportive designs.
  • Key Products:
  • 24/7® Classic T-Shirt Bra: Everyday bra engineered for ultimate comfort and perfect fit, offering unique half-cup sizes for precise sizing and seamless wear beneath clothing
  • 24/7® Underwear: Cooling, barely-there underwear crafted for superior comfort so wearers "barely notice it's there," ideal for all-day use
  • Kinetic Sports Bra: High-support sports bra featuring maximum support construction and convenient hook-eye closure, keeping athletes comfortable during intense workouts
  • ComfortStretch Underwear: Soft, stretchy underwear line made from flexible fabric that moves with the body, delivering enhanced comfort for daily wear.
  • Company type: Private company
  • Employees: ●●●●●
  • Total funding raised: $●●●m
  • Backers: ●●●●●●●●●●
  • Acquisitions: ●●
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2.2 - Strategic buyer groups for DTC Women's Fashion Brands sector

Description: Retail Direct-to-Consumer Fashion Brands are online-native apparel and accessories companies that design, source, and sell directly via owned e-commerce and emerging physical formats. They deliver trend-led assortments, streamlined pricing, and frictionless checkout, shipping, and returns, using data to merchandise and forecast demand. These brands create loyal communities and predictable repeat purchases through curated collections, content-driven engagement, and convenient omnichannel experiences.
ThirdLove

ThirdLove

Website HQ: United States
  • Type: N/A
  • Employees: ●●●●●
  • Description: Provider of women's undergarments and activewear sold online, offering bras, underwear and sports bras engineered for comfort, precise fit and style, including half-cup sizing and cooling, supportive designs.
  • Key Products:
  • 24/7® Classic T-Shirt Bra: Everyday bra engineered for ultimate comfort and perfect fit, offering unique half-cup sizes for precise sizing and seamless wear beneath clothing
  • 24/7® Underwear: Cooling, barely-there underwear crafted for superior comfort so wearers "barely notice it's there," ideal for all-day use
  • Kinetic Sports Bra: High-support sports bra featuring maximum support construction and convenient hook-eye closure, keeping athletes comfortable during intense workouts
  • ComfortStretch Underwear: Soft, stretchy underwear line made from flexible fabric that moves with the body, delivering enhanced comfort for daily wear.
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Key Products: ████████, ████████, ████████, ████████
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Buyer group 3: ████████ ████████

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Key Products: ████████, ████████, ████████, ████████
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3. Investors and private equity firms in DTC Women's Fashion Brands sector

3.1 - Buyout funds in the DTC Women's Fashion Brands sector

Buyout Funds investing in DTC Women's Fashion Brands companies

51+ funds
Description: Buyout funds focused on DTC Women's Fashion Brands companies globally.

Verdane

Website HQ: Norway
  • Type: Buyout
  • Fund Size: $●●●m
  • Investment Range: $●●-●●●m
  • Focus: Technology companies in DTC Women's Fashion Brands
  • Relevant M&A transactions / similar portfolio companies:
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2.2 - Strategic buyer groups for DTC Women's Fashion Brands sector

Growth Equity Funds in DTC Women's Fashion Brands companies

41+ funds
Description: Growth equity funds focused on DTC Women's Fashion Brands companies globally.

Partech

Website HQ: France
  • Type: Growth
  • Fund Size: $●●●m
  • Investment Range: $●●-●●●m
  • Focus: High-growth companies in DTC Women's Fashion Brands
  • Relevant investments / similar portfolio companies:
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4 - Top valuation comps for DTC Women's Fashion Brands companies

4.2 - Public trading comparable groups for DTC Women's Fashion Brands sector

Valuation benchmark group 1: Inventory-Based Online Apparel Retailers

3 companies View group →
Description: Companies in this public trading comparables group operate inventory-based online fashion retail platforms, selling clothing, footwear, accessories, and beauty products directly to consumers. They combine own-brand labels with curated third-party assortments, supported by personalization, digital merchandising, and mobile apps. They are comparable for valuation as pure-play, direct-to-consumer e-commerce retailers with similar category mix, inventory ownership, fulfillment operations, and revenue models driven primarily by product sales.
Brainbees Solutions logo

Brainbees Solutions

  • Enterprise value: $●●●m
  • Market Cap: $●●●m
  • EV/Revenue: ●.●x
  • EV/EBITDA: ●●.●x
  • Description: Provider of online and offline retail solutions for baby, kids, and maternity products, specializing in a broad range of items including diapering, toys, clothes, footwear, strollers, and school supplies, offering high-quality brands and a comprehensive shopping experience.
  • Key Products:
  • Baby Clothes: Wide range of clothing for infants and toddlers
  • Toys & Gaming: Educational and recreational toys for children
  • Diapering: Various diapering options for babies
  • School Supplies: Essential school products including bags and stationery
  • Moms & Maternity: Maternity wear and products for mothers
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Revenue growth
Median
15.7%
2025E
16.0%
2026E
EBITDA margin
Median
28.2%
2025E
28.6%
2026E
Cash EBITDA margin
Median
27.6%
2025E
28.0%
2026E
EV/Revenue
Median
8.4x
2025E
6.8x
2026E
EV/EBITDA
Median
28.9x
2025E
24.4x
2026E
EV/Cash EBITDA
Median
29.0x
2025E
25.5x
2026E
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4.3 - M&A Transactions in the DTC Women's Fashion Brands sector

Selected M&A transactions

Date Target Description Buyer(s) Relevance EV EV/Revenue EV/EBITDA
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Frequently Asked Questions

Buyers & Acquirers in DTC Women's Fashion Brands sector

Who are the top strategic acquirers of DTC Women's Fashion Brands companies?

Top strategic buyers in this sector include ThirdLove, a provider of women's undergarments and activewear sold online, offering bras, underwear and sports bras engineered for comfort, precise fit and style, including half-cup sizing and cooling, supportive designs. .

Which buyer groups are most relevant for DTC Women's Fashion Brands companies?

Relevant strategic buyer groups similar to the DTC Women's Fashion Brands sector include Internet First Fashion Brands because they share similar customer segments and product capabilities.

Financial Investors in DTC Women's Fashion Brands sector

Which are the top PE firms investing in DTC Women's Fashion Brands companies?

Potential investors in the broader DTC Women's Fashion Brands space include Partech and Verdane.

Who are the top buyout funds acquiring DTC Women's Fashion Brands companies?

Active PE funds and buyout funds acquiring companies in the DTC Women's Fashion Brands space include Verdane.

Who are the top growth equity funds investing in DTC Women's Fashion Brands companies?

Growth funds investing in the broader DTC Women's Fashion Brands sector include Partech.

Valuation of Companies in DTC Women's Fashion Brands sector

Which are the key public companies that are relevant trading comps for DTC Women's Fashion Brands companies?

Key trading comparable groups include Brainbees Solutions, a provider of online and offline retail solutions for baby, kids, and maternity products, specializing in a broad range of items including diapering, toys, clothes, footwear, strollers, and school supplies, offering high-quality brands and a comprehensive shopping experience..

Which are the key trading comparable groups for DTC Women's Fashion Brands companies?

Similar trading comparable companies include Inventory-Based Online Apparel Retailers. Our platform tracks detailed trading comparable groups in the DTC Women's Fashion Brands sector with complete valuation multiples, growth metrics, and profitability data. Access the full database to benchmark your company against relevant public comparables.

What are recent M&A transactions in the DTC Women's Fashion Brands sector?

Our platform tracks M&A transactions in the DTC Women's Fashion Brands sector with complete deal terms, valuation multiples, and strategic rationale. Access the full database to benchmark pricing and identify active acquirers.

What are recent capital raises and funding rounds in DTC Women's Fashion Brands?

Access recent funding rounds in the DTC Women's Fashion Brands sector including growth equity, venture capital, and buyout investments. Our database includes round size, lead investors, valuations, and use of proceeds.

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