Ceanne Fernandes-Wong, CEO and Co-Founder at COCOON, and Matt Heiman, Chairman and Co-Founder at COCOON. Pic: Holly Whitaker
Cocoon, a London-based subscription platform for luxury handbags, recently announced the completion of a new funding round, which has attracted backing from leading industry investors, including luxury group Kering, and existing backers like Simon Beckerman, founder of peer-to-peer social shopping app Depop, and Lilly Wollman, a former partner at Generation Investment.
The total investment raised by the platform is over £2.5 million now.Cocoon, a UK-based subscription platform for luxury handbags, has announced the completion of a new funding round, which has attracted backing from leading industry investors, including luxury group Kering, and existing backers like Simon Beckerman, founder of social shopping app Depop, and Lilly Wollman, a former partner at Generation Investment.#
Cocoon claimed witnessing over 200 per cent increase in membership since April 2020, which is set to continue as the United Kingdom comes out of lockdown.
The funding will allow a scaling of the Cocoon platform through investment in a broader depth and selection of inventory, headcount, enhanced logistics and further tech development to improve the member journey and create a frictionless experience for the community, the company said in a press release.
Cocoon will also deepen its relationships with leading brands to ensure members have access to the greatest selection of luxury bags.
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