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Project Financing: Haute Hijab, A Muslim Woman, Received $2 Million 300 Thousand In Financing.

2019/2/15 0:39:00 41

HauteHijabMuslims

The fashion and lifestyle of Muslim women, the Internet brand Haute Hijab announced on Monday that it has received $2 million 300 thousand seed financing.

This round of financing is led by Vc firm Cue Ball, Ludlow Ventures, Sinai Ventures, Maveron, Muse Capital, AngelList and The.

The money will help Haute Hijab achieve its global goal: to break the stereotype and become the first global scarf brand that Muslim women can rely on.

Founded in 2010, Haute Hijab is headquartered in New York and is currently the leading Internet headscarf brand in the US.

Haute Hijab has an active global online community to provide consumers with high-performance fabric scarves, and its products can meet the needs of Muslim women from everyday wear to high-end luxury goods.

Haute Hijab recently launched a new scarf Ultimate Underscarf. Its uniqueness lies in its high technology and excellent ventilation and antibacterial properties.

This product has become the representative of Haute Hijab brand concept.

"We welcome new investor groups to join our mission to achieve empowerment for Muslim women," said Melanie Elturk, co-founder and chief executive officer of Haute Hijab.

Haute Hijab is entering an exciting stage of growth and innovation.

We look forward to using this fund to build the world's first Internet Muslim cultural lifestyle brand.

Melanie Elturk has over 20 years of experience in purchasing, modeling and selling headscarves, and was previously an international lawyer specializing in civil rights law.

Another co founder and chief operating officer of Haute Hijab, Ahmed Zedan, has over 10 years of experience in performance marketing.

While promoting the protection of Muslim women's rights, Haute Hijab is also using the fast-growing Muslim market in the world.

The brand quoted data from the The Guardian, saying that 1/3 of the world's Muslims are under 15 years old, and 2/3 of the Muslims are under 30 years old. They constitute the huge millennial generation and the Z generation consumer market.

Haute Hijab also points out that by 2030, the number of middle class Muslims will increase by two times to 900 million, while Muslim women will wear four headscarves on a daily basis, each with a total of about 100 headscarves, which indicates the global growth potential of the brand.

Cue Ball is a Vc firm based in Boston, Massachusetts. It was founded in 2005.

It mainly invests in enterprises and early companies in the consumer and media industries, including lifestyle brand, service industry, catering industry, characteristic retail, information data service, social media and business.

Richard Harrington, former chief executive of Thomson Reuters, is the chairman and general partner of Cue Ball.



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