Need is an online magazine and retailer for men who hate to shop, but still want to find unique clothing and lifestyle items. The Dallas-based startup announced today that it has raised $500,000 in seed funding led by investors Greg Abbott, CEO of International Dispensing Corporation (IDC); Imran Sheikh, CEO of Aftershock London U.S., and Mobelux, Need’s development partner.
The capital will be used for hiring, building out Need’s proprietary technology, and launching localized retail and editorial products for cities in the U.S. and abroad. The funding round also included participation from Dallas-area angel investors and Venista Ventures, a German investment firm.
In addition, Need also said that it has formed a strategic partnership and joint venture with Abbott to explore new consumer-based verticals for fashion and media. Its tech platform, built with Mobelux, will be at the core of the new partnership by generating localized data…
View original post 694 more words