Welcome to October's FTW Deals digest. The full 2026 list lives on our Fashion Tech Funding Tracker, updated every month.
Two companies building AI agents for brands and retailers raised Series A rounds in October. Duvo raised $32m in a round led by Balderton Capital. Its agents run retail back-office work across existing enterprise systems, and Boden is a customer. Siena raised $17m in a round led by York IE. Its customer experience agents work for brands such as FIGS and SPANX, and it is now moving into shopping and social.
The fashion-native deals were smaller. Trace raised a $3m seed round led by Serena Ventures. Its app lines up renters or buyers for a garment before the shopper buys it. In wholesale, TrackStreet bought Candid Wholesale for an undisclosed sum. Candid runs a B2B ordering platform with a dedicated apparel and fashion product.
Fashion-native (2)
Candid Wholesale (acquired by TrackStreet) 5 Oct · US
Acquisition · Undisclosed · Buyer: TrackStreet
B2B wholesale ordering platform bought by a channel management and brand protection company.
Trace 15 Oct · US
Seed · $3m · Serena Ventures (lead), Shakti VC
Presale app lining up renters or buyers before a shopper buys a garment.
Wider retail tech (2)
Siena 6 Oct · US / Romania
Series A · $17m · York IE (lead), Joyance Ventures, Aglae Ventures
AI customer experience agents for consumer brands, moving into shopping and social.
Duvo 14 Oct · Prague, Czechia
Series A · $32m · Balderton Capital (lead), Index Ventures, Northzone, Credo
AI agents that run retail back-office processes across existing enterprise systems.
Every deal since January 2025 is on the FTW deals tracker. Spotted one we missed? Reply to this email.