User:Giulia Rossi/sandbox

Callum Stuart is Chief Operating Officer (COO) Co-Founder, Operations & Developer

Financials In 2014 Mallzee Raises $843,000 for personalized fashion shopping on your iPhone The seed round injects £500,000 ($843,000) into the company on its first birthday from Par Equity, the Scottish Investment Bank, and a number of angel investors on the Scottish tech scene including Gareth Williams and Rob Dobson. Mallzee’s catalogue now spans over 200 fashion brands, and in twelve months has a user-base “measured in the tens of thousands.” While that may not represent the hockey-stick adoption curve of some of the more popular social network applications launched in 2013 and 2014, CEO Cally Russell is targeting 250,000 users by the end of the year. The seed funding will facilitate that growth both in the United Kingdom and abroad, as well as allowing Russell to double the staff count to fourteen.

Mallzee’s web site (image mallzee.com) There’s obvious value in creating an app that can target the fashion-conscious iOS users, but Mallzee has another strength. By creating a recommendation engine the company has also created valuable IP which will serve Russell and his team well as they grow the fashion app, and potentially look to expand into new areas of online retail.