Syky Funded $9.5M for Product and Technology Development in the Fashion Platform


Syky is a next-generation luxury fashion platform provider based in New York. The company believes technology can be an outstanding balance, and the next generation of designers will be digital-first, revolutionizing design in digital, physical, and augmented worlds.

Syky was funded $9.5 million, led by Alexis Ohanian, angel investor of Seven Seven Six, with participation from Brevan Howard Digital, Leadout Capital, First Light Capital Group, and Polygon Ventures. The new funding intends to deploy into building up the company team, setting the designers into the community, and on product and technology expansion.

SYKY was launched and is led by Alice Delahunt, the ex-Chief Digital & Content Officer at Ralph Lauren and Digital & Social Director at Burberry. Delahunt was at Ralph Lauren and had her first countenance at the blockchain. Still, it wasn’t until years later, while working on pioneering some digital cupboard schemes with companies like Snap, Roblox, and Bitmoji, that she had a chance to see that web3 would be more than a place community for luxury fashion.

That’s when Delahunt left Ralph Lauren and started developing Syky, which she said would serve as an incubator, marketplace, and social community for the next generation of fashion designers and consumers. The company is kicking off the community part of its platform by releasing its first NFT, The Keystone, of which 987 will be available on January 20. Fifty Keystones will be reserved for and granted to aspiring designers.

The company plans for the future marketplace to be a revenue driver. It will allow rising and unestablished designers to sell and trade their collections with consumers. It will also be where designers and consumers can curate spaces to showcase their fashion desires.

By: K. Tagura

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