Draper Fisher Jurvetson Gotham Ventures today announced its participation in the $10m Series A financing for Textrade.com (formerly Global Textile Network, Inc). Based in New York City, Textrade has created an Internet-based exchange which provides a trading, communications and information platform for the entire spectrum of products and services negotiated daily by the $500bn international textile community. As part of the investment, Ross Goldstein, a managing partner of Draper Fisher Jurvetson Gotham, has joined Textrade’s board of directors.”We are excited to be part of Textrade’s successful efforts to bring the global textile industry online,” said Mr. Goldstein. “We believe that the market segment that Textrade is focused on – fibers, yarns and unfinished textiles – is fragmented and conducive to a successful online business. With their years of experience in both the textile and Internet businesses, we believe that Textrade.com’s management is the right team to address this $500 billion market opportunity.””We look forward to working with the Draper Fisher Jurvetson Gotham team,” says Robert Cox Jr, Textrade.com’s CEO. “Being a part of their global network will help facilitate many of the important relationships that will be crucial to our success.”

Subscribe to Just Style

Join over 70,000 apparel industry professionals by unlocking full access for just £1 (plus VAT if applicable)

Already a Member? Login here

Just Style membership gives you:

  • Unlimited access to Just Style content including in-depth analysis, exclusive blogs, industry executive interviews and management briefings
  • Unbeatable market coverage from apparel sourcing and supply chain issues, to emerging markets and manufacturing
  • Unrivalled apparel industry comment from journalists including Leonie Barrie, Michelle Russell, Hannah Abdulla and Beth Wright.
Want multi-user access? Explore our multi-user & corporate memberships

70% of the apparel and textile companies in the Forbes Global 2000 use Just Style

Find out more