SSENSE Valued at Over $5 Billion USD After Sequoia Capital Investment

Montreal-based retailer SSENSE has received minority investment from Sequoia Capital that values the ecommerce platform at more than $5 billion USD. This marks Sequoia Capital's expansion into the fashion industry, and comes after the company took a controlling stake in AMI earlier this year.The investment is the first time SSENSE has taken external funding since it was founded 18 years ago, and the money will allow the company to focus on its global growth strategy. Additionally, Angelica Cheun...