Beringea U.S. leads online wedding retailer Brideside’s $7m Series A round
December 6th 2019
Chicago-based Brideside is the leading online wedding retailer and is positioned to triple growth following aggressive two-year expansion strategy
Farmington Hills, Mich.—Beringea U.S., a transatlantic venture capital investor seeking to create lasting success for rapidly scaling entrepreneurial companies, has led a $7 million Series A investment in Chicago-based Brideside, the leading omnichannel destination for concierge bridal and bridesmaid shopping. The newly invested capital will support the company’s robust 2020 showroom expansion, enhance customer-facing shopping technology and launch Brideside Bridal, an entry into the bridal gown business.
Brideside launched in Chicago in 2014 as a direct-to-consumer site aiming to simplify and personalize the frustrating bridesmaid dress shopping process. It has quickly risen as one of the most innovative retailers recognized for its seamless technology integrating digital styling tools and group digital interface for managing bridal party members, dress options and transaction status. In mid-2017, founders Nicole Staple and Sonali Lamba saw the opportunity to enhance their core digital business with the introduction of physical showrooms, following a successful 18-month pop-up partnership with Lord & Taylor. Since then, the brand has opened seven showrooms across four cities and plans to enter two to three more markets by the end of 2020.
“Brideside is building a brand by women for women that celebrates our connections with one another and our memorable life moments. We are looking to build on our promise to women by expanding our product offering to become a one-stop wedding shop, and then exploring other ways that we can be a partner beyond her wedding day. Our deep emotional and data-driven relationship with our client allows us to offer her an increasingly personalized experience as a bride, bridesmaid and beyond. What doesn’t change is that Brideside is and will always be a trusted retailer for next level customer service and experience,” shares Nicole Staple, co-founder and CEO of Brideside.
William Blake, vice president at Beringea, said: “The team at Brideside has reinvented the buying experience for bridal parties, and in the process created a nationally-recognized brand in a fast-growing segment of the very large U.S. bridal market. From its concierge service and in-store selection to its new custom bridal line, Brideside has, in short time, proven to be a category innovator capable of elevating the entire process surrounding bridal party shopping.”