It has been another good year for serial entrepreneur Kieran O’Neill, founder of artificial intelligence-driven men’s styling service Thread.
In October, thread received almost £17m in investment in a funding round led by Swedish retail giant H&M. Additional funding came from venture capitalists Balderton Capital, Beringea and Forward Partners, alongside the executive chairman of fashion and retail investor Amery Capital, Maurice Helfgott, and the former deputy president of luxury goods at Lane Crawford, Sebastian Picardo.
The latest round brings total investment to more than $40m (£30.4m). O’Neill said the plan is to expand to international markets such as the US and Europe, and eventually launch a womenswear offer.