CULT MIA

🌟 Exciting News from Cult Mia! 🌟 We are thrilled to announce the top-up of our seed funding to £4.5M, with support from Fuel Ventures 🚀, H&M Group Ventures, Morgan Stanley and David Wertheimer. This investment bolsters our position as the go-to global destination for independent luxury fashion. With triple-digit growth and Q3 sales surging over 200% YoY, this additional funding will accelerate our expansion into high-growth markets. Huge thanks to our loyal customers, brand partners, and visionary investors for believing in our mission to champion diverse, independent designers. We are just getting started! “We’re thrilled to receive this continued vote of confidence from such an esteemed group of investors. Cult Mia’s rapid growth and the loyalty we’ve seen from our customers and brand partners alike reaffirm our belief in our platform’s potential to become the independent luxury fashion destination for the world." - Nina Briance, Founder & CEO of CULT MIA

🌟 Exciting News! 🌟 We’re thrilled to announce that CULT MIA has been shortlisted for the Pureplay of the Year category at the prestigious Drapers Awards! 🎉💫 This nomination reflects our dedication to curating unique, emerging designers from across the globe and delivering the best in values-driven, high-fashion brands. 🌍✨ It’s an incredible honour to be recognised alongside other trailblazing brands shaping the future of e-commerce. We thank our passionate team, designers, and loyal community who have made this journey possible. 🙌 Onwards and upwards! 🚀✨ #DRAPERSAWARDS! #PureplayOfTheYear #CultMia #SustainableFashion #EmergingDesigners #EcommerceInnovation #Awards #ThankYou

We're thrilled to announce that CULT MIA has been included in the prestigious UK Fast Growth 50 Index for 2024. This annual index recognizes the most rapidly expanding companies across seven nations and regions. "Amidst one of the most challenging periods for luxury e-commerce, it’s incredibly exciting to see Cult Mia not only defying the industry downturn but being ranked among the top 50 companies across all sectors in the UK. This recognition is a proud milestone for our team, further fueling our ambition to become the leading independent luxury marketplace globally," says Nina Briance, Founder & CEO of CULT MIA. We are honored to be included in this index, which is a testament to our team's hard work and dedication. It’s amazing recognition as we continue to contribute to the vibrant business landscape of the UK.

Thank you to Angela Chan - Danisi for featuring CULT MIA in her recent Forbes article! We’re honored to be included and be able to share a spotlight on our journey so far. "Cult Mia offers over 55,000 products from 350 brands spanning 42 countries, with more than 40% of these brands exclusive to the platform. This exclusivity has made Cult Mia the go-to destination for millennial and Gen Z shoppers seeking fashion that reflects their personal identity." Here’s to many more milestones ahead! https://lnkd.in/eRG2y3_8

Reflecting on the first half of this year, the CULT MIA team and I couldn't be more proud and excited for what's to come in H2! 🚀 - H1 sales have already matched our 2023 annual turnover, while maintaining order profitability 3x above marketplaces peers 📈 - Our topline growth keeps accelerating, with our weekly revenue far outpacing 2023's average monthly revenue (+155% y-o-y) ⚡ - Our growth doesn't rely on discounting (discounts <7% of our sales): our unique, values-driven, and exclusive product offering speaks for itself and directly to all the shoppers tired of sterile, undifferentiated offerings found on all of the platforms 👗 - Over 275 brands apply to join Cult Mia each month: 10% make the cut, rigorously vetted on sustainability and ethics, and handpicked as the designers we know will be the next big names in fashion 🌍 - We launched 210 new collections, featuring new designers who have quickly become cult favorites & releasing exclusive capsules with our shoppers most loved brands 🛍 - 98% of the brands that joined Cult Mia have stayed with us, and our shooting stars are seeing monthly sales growth rates exceeding 1890% ☄ - We're humbled & energised by the industry-wide recognition: Sifted listed us as the only fashion company in the 100 fastest growing startups UK & Ireland Leaderboard, The Business of Fashion highlighted us as the startup defying the luxury e-commerce slump, and Grow London selected us for their latest cohort showcasing the most exciting growth businesses in London 🌟 There's has never been a bigger need to lift up and spotlight independent brands: we're seeing the impact that the largest platforms' struggles have had on the ecosystem. There's also never been more demand for values-driven fashion you can't find else where. So it's such an exciting time for our business, where we've had tremendous support across the board from our designers, customers, investors, advisers, and most of all the Cult Mia team working incredibly hard on our scaling journey. A big thank you from me!

We're hiring! Are you excited about Cult Mia's mission and passionate about elevating independent brands? We are looking for a commercially-minded Partnerships Manager to help us grow our business by scouting, building strong relationships with and growing the brands that we work with. Find out more below...

We are thrilled to share that we have been accepted into the Grow London Global program, backed by London & Partners, the Mayor of London, and the UKSPF. This prestigious program offers unparalleled support to London-based companies looking to unlock their global growth potential and expand their business internationally. We are excited for the journey ahead! For more information about Grow London Global, visit: grow.london/global

We are thrilled to have been featured in The Business of Fashion by Malique Morris this week. Founder & CEO Nina Briance discusses how we are working to defy the challenges facing the luxury e-commerce space. Read more here: https://lnkd.in/es4X-iBQ

It's truly humbling to see Vite become a part of our family and operate under CULT MIA. We're incredibly grateful for the trust you've placed in us, Jamilah Jaffer, and through this amplifying and fueling our mission to be the leading values-driven, independent fashion destination. We're also deeply appreciative of Vite's journey and the contributions the team has made to the independent fashion community.

Huge news: CULT MIA is featured on the Sifted 100: UK & Ireland Leaderboard 🤩 the ONLY fashion company on this inaugural ranking showcasing the top 100 fastest-growing startups. Sifted looked at the last 3 years of our growth (102% CAGR) and I couldn't be more proud of our team (the smallest team listed, but the absolute mightiest!). 💪 Want to see who else made the cut? Check out the leaderboard: https://lnkd.in/d4pj4pd7 m_campaign=sifted100leaderboard&utm_content=startups