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Fashion Tech D2C Apparel Brands sector

Strategic acquirers, private equity (buyout funds and growth funds) firms, and valuation benchmarks for Fashion Tech D2C Apparel Brands

1.1 - About Fashion Tech D2C Apparel Brands sector

Companies in this category design, produce, and sell apparel primarily through owned digital channels, using data-driven merchandising and agile supply chains to reach consumers directly. Fashion Tech D2C Apparel Brands leverage eCommerce storefronts, social commerce, and mobile apps to deliver differentiated fit, style, and convenience while retaining margin and customer relationships. Their value lies in rapid trend responsiveness, personalized experiences, and scalable, global online distribution.

Typical offerings span owned eCommerce sites with conversion-optimized merchandising, mobile shopping apps, and social commerce integrations tied to influencer and creator channels. Many operate digital product design and PLM, demand forecasting, and rapid, near-shore manufacturing to shorten drops. They build in customer data platforms and CRM, advanced fit and sizing tools with virtual try-on, subscription or membership programs, and streamlined returns management. Logistics capabilities include distributed inventory, 3PL integrations, and selective omnichannel showrooms or pop-up retail for experiential engagement.

These brands serve digital-first apparel shoppers across niches such as athleisure, streetwear, and intimates, and often engage marketplace audiences and select retail partners. Outcomes include higher conversion and repeat purchase through personalized fit and loyalty programs, faster time-to-market via agile design-to-delivery pipelines, improved gross margins by bypassing intermediaries, and scalable international reach supported by localized sites, cross-border logistics, and data-driven merchandising.

2. Buyers in the Fashion Tech D2C Apparel Brands sector

2.1 Top strategic acquirers of Fashion Tech D2C Apparel Brands companies

Everlane Logo

Everlane

HQ: United States Website
  • Description: Provider of online direct-to-consumer apparel and accessories offering minimalist, high-quality basics for men, women and children, sold exclusively through a web-based platform that discloses detailed production costs and factory information to deliver ethically sourced products at transparent prices.
  • Key Products:
  • Cotton Heather V T-Shirt: Basic crewneck produced in Los Angeles
  • site shows exact material, labor and transport costs plus factory photos, letting shoppers compare its $18 price to traditional $50 tees and understand supply chain ethics
  • Petra Backpack/Bag: Premium leather backpack positioned as "affordable luxury", designed in-house and produced in small runs, offering minimalist styling comparable to high-end brands at lower price points
  • Everlane Now Delivery: One-hour delivery service available in Manhattan that extends the web-only model with rapid fulfillment, giving urban customers near-instant access to products
  • Business on Messenger & Mobile App: Facebook Messenger pilot and proprietary shopping app that allow conversational ordering and frictionless mobile checkout, making it "so dead easy to buy from Everlane".
  • Company type: Private company
  • Employees: ●●●●●
  • Total funding raised: $●●●m
  • Backers: ●●●●●●●●●●
  • Acquisitions: ●●
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2.2 - Strategic buyer groups for Fashion Tech D2C Apparel 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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Buyer group 2: ████████ ████████

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Key Products: ████████, ████████, ████████, ████████
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Buyer group 3: ████████ ████████

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Description: ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████
Key Products: ████████, ████████, ████████, ████████
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3. Investors and private equity firms in Fashion Tech D2C Apparel Brands sector

3.1 - Buyout funds in the Fashion Tech D2C Apparel Brands sector

Buyout Funds investing in Fashion Tech D2C Apparel Brands companies

51+ funds
Description: Buyout funds focused on Fashion Tech D2C Apparel Brands companies globally.

Verdane

Website HQ: Norway
  • Type: Buyout
  • Fund Size: $●●●m
  • Investment Range: $●●-●●●m
  • Focus: Technology companies in Fashion Tech D2C Apparel Brands
  • Relevant M&A transactions / similar portfolio companies:
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2.2 - Strategic buyer groups for Fashion Tech D2C Apparel Brands sector

Growth Equity Funds in Fashion Tech D2C Apparel Brands companies

41+ funds
Description: Growth equity funds focused on Fashion Tech D2C Apparel Brands companies globally.

TCV

Website HQ: United States
  • Type: Growth
  • Fund Size: $●●●m
  • Investment Range: $●●-●●●m
  • Focus: High-growth companies in Fashion Tech D2C Apparel Brands
  • Relevant investments / similar portfolio companies:
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4 - Top valuation comps for Fashion Tech D2C Apparel Brands companies

4.2 - Public trading comparable groups for Fashion Tech D2C Apparel 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 Fashion Tech D2C Apparel 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 Fashion Tech D2C Apparel Brands sector

Who are the top strategic acquirers of Fashion Tech D2C Apparel Brands companies?

Top strategic buyers in this sector include Everlane, a provider of online direct-to-consumer apparel and accessories offering minimalist, high-quality basics for men, women and children, sold exclusively through a web-based platform that discloses detailed production costs and factory information to deliver ethically sourced products at transparent prices. .

Which buyer groups are most relevant for Fashion Tech D2C Apparel Brands companies?

Relevant strategic buyer groups similar to the Fashion Tech D2C Apparel Brands sector include Internet First Fashion Brands because they share similar customer segments and product capabilities.

Financial Investors in Fashion Tech D2C Apparel Brands sector

Which are the top PE firms investing in Fashion Tech D2C Apparel Brands companies?

Potential investors in the broader Fashion Tech D2C Apparel Brands space include TCV and Verdane.

Who are the top buyout funds acquiring Fashion Tech D2C Apparel Brands companies?

Active PE funds and buyout funds acquiring companies in the Fashion Tech D2C Apparel Brands space include Verdane.

Who are the top growth equity funds investing in Fashion Tech D2C Apparel Brands companies?

Growth funds investing in the broader Fashion Tech D2C Apparel Brands sector include TCV.

Valuation of Companies in Fashion Tech D2C Apparel Brands sector

Which are the key public companies that are relevant trading comps for Fashion Tech D2C Apparel 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 Fashion Tech D2C Apparel Brands companies?

Similar trading comparable companies include Inventory-Based Online Apparel Retailers. Our platform tracks detailed trading comparable groups in the Fashion Tech D2C Apparel 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 Fashion Tech D2C Apparel Brands sector?

Our platform tracks M&A transactions in the Fashion Tech D2C Apparel 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 Fashion Tech D2C Apparel Brands?

Access recent funding rounds in the Fashion Tech D2C Apparel 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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