Chictypes raises €4m from 360 Capital Partners et al.

The fresh funds come as Chictypes consolidates its presence in France and seeks to enter additional European markets, with plans to boost its team with new stylists and marketing staff. Capital will also be dedicated to improving the company's current website and mobile app. The startup is looking to push sales beyond the €50m mark from the current €2m figure within three years.

360 Capital, which stated it was attracted by Chictypes' potential for growth, recently joined forces with Idinvest during a €15m round for Parisian smartphone repair service Save.

The deal is the second to feature a male styling service in recent weeks, albeit the first in France. In late August, Balderton Capital led a $8m series-A in London-headquartered Thread.com.

Previous funding
Counting this third round, Chictypes has raised €5.5m in capital since inception. In April 2013, the business secured a first €100,000 injection from individual investors such as entrepreneurs Pierre Kosciusko-Morizet and Thierry Petit.

This was followed by a €1.4m second round from business angels Pascal Cagni – Apple's former general manager for the EMEA region – and Kernel Investissements, Kosciusko-Morizet's investment vehicle.

Company
Founded in 2013, Chictypes is a men's styling service targeting clients in the 30-45 age range. The startup offers tailored advice and shopping services from more than 100 high-end brands. With headquarters in Paris, the company employs around 10 professionals and posted €2m in revenues in 2014.

People
360 Capital was represented by general partner Emanuele Levi. Étienne Morin and Antoine Regis co-founded Chictypes, the former being the company's current CEO.

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• Expansion
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