Dillard’s (DDS) Places $4M Investment in e-Commerce Company Acumen Brands
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Dillard’s, Inc. (NYSE: DDS) has announced a strategic investment with Acumen Brands, an ecommerce company based in Fayetteville, Arkansas. Founded in 2009, Acumen Brands is a rapidly growing ecommerce company that operates twelve online retailers supported by proprietary software and advanced fulfillment systems.
Under the agreement, Dillard’s invested $4.0 million in Series B preferred stock of Acumen Brands leading a $5 million round of growth financing which also included participation from existing investors Noro-Moseley Partners, BLH Venture Partners, the Gravity Fund and the Arkansas Risk Capital Matching Fund.
Under the agreement, Dillard’s invested $4.0 million in Series B preferred stock of Acumen Brands leading a $5 million round of growth financing which also included participation from existing investors Noro-Moseley Partners, BLH Venture Partners, the Gravity Fund and the Arkansas Risk Capital Matching Fund.
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