SupplyCompass Selected to Join Farfetch Dream Assembly Alongside Leading FashTech Start-ups from around the Globe
LONDON, 27 APRIL 2020: SupplyCompass is thrilled to announce it has joined the fourth Dream Assembly powered by Farfetch, alongside a cohort of innovative start-ups making impactful change in the fashion tech industry. The seven-week programme started on 24 April and will include a series of masterclasses with senior Farfetch leaders and partners. Global luxury fashion brand Burberry, which has partnered with Dream Assembly since launch, also returns for the fourth time.
Farfetch is the leading global technology platform for the luxury fashion industry founded by entrepreneur José Neves in 2007, which launched Dream Assembly two years ago. In this latest cohort, SupplyCompass – the design and production platform for fast-growing fashion brands – is one of eight tech-focused companies shaping the future of fashion and retail. Selected from 155 applications from around the world, SupplyCompass joins Cerebra Technologies, Immersive Virtual Apparel, FavourUp, M—XR, Newlife.ai, StyleScript and whoqip.
The seven-week programme will include a series of masterclasses and one-to-one sessions with senior leaders from Farfetch and their partners. Each start-up will be given direct access to Farfetch’s expertise in the luxury fashion and technology industries and will also have the chance to get exclusive introductions with a selected pool of leading external investors for follow-on funding.
SupplyCompass Co-Founder, Gus Bartholomew, says: “We’re thrilled to be joining Farfetch Dream Assembly this year. In these current times, investing in innovation is more important than ever. We’re looking forward to collaborating with industry pioneers like Farfetch and Burberry who are at the forefront of fashion technology, as well as exploring how our solution can help as many brands as possible rethink and reshape the industry.”
David Grunwald, VP Innovation of Farfetch, says: “As always, we are thrilled to welcome the latest group of start-ups to the Dream Assembly program. The program will be executed digitally for the first time, but it’s still set to be an incredible seven weeks, where this cohort of companies can access mentorship and an array of masterclasses. These companies all have business models focused on the digitisation of commerce across various industries, which will be more relevant than ever now, and for a post-Covid world.”
SupplyCompass is a product development and production management platform that enables fashion brands and manufacturers to produce better, together. The cloud-based software is transforming the fashion industry, by digitalising global supply chains and making sustainable sourcing easy and cost effective for brands and every player in the supply chain. The platform enables brands to manage the entire product development, sourcing and production process from design right through to delivery, all in one place.
SupplyCompass has also built a network of 200+ supply chain partners, visiting, vetting and handpicking only the best manufacturers, mills and suppliers to join. The majority of their network is in India, with some strategically placed partners in Portugal, Nepal, China and Spain. SupplyCompass is based in the UK (London) and India (Mumbai and Hyderabad).
Farfetch Limited is the leading global technology platform for the luxury fashion industry. Its mission is to be the global platform for luxury fashion, connecting creators, curators and consumers. Founded in 2007 by José Neves for the love of fashion, and launched in 2008, Farfetch began as an ecommerce marketplace for luxury boutiques around the world. Today the Farfetch Marketplace connects customers in over 190 countries with items from more than 50 countries and over 1,200 of the world’s best brands, boutiques and department stores, delivering a truly unique shopping experience and access to the most extensive selection of luxury on a single platform.
Farfetch’s additional businesses include Farfetch Platform Solutions, which services enterprise clients with ecommerce and technology capabilities; Browns and Stadium Goods, which offer luxury products to consumers; and New Guards, a platform for the development of global fashion brands. Farfetch also invests in innovations such as its Store of the Future augmented retail solution, and develops key technologies, business solutions, and services for the luxury fashion industry.
About Dream Assembly
Dream Assembly is an accelerator programme powered by Farfetch, which supports the best entrepreneurs, teams and technology that are shaping the future of commerce. They believe that the whole luxury fashion industry, including Farfetch, can benefit from supporting the next generation of technology companies. Launched two years ago, in April 2018, Dream Assembly keeps strengthening its connection to the community, with over 60 accelerated start-ups, three completed programmes and a recently launched bootcamp format, to support start-ups around the world.