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Phia Raises $35.5 Million In Series A Round Led By Notable Capital Khosla Ventures Kleiner Perkins

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Phia Raises $35.5 Million In Series A Round Led By Notable Capital Khosla Ventures Kleiner Perkins

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Summary

Transaction Type:Sale

Phia, a shopping and rewards platform based in New York City, has successfully raised $35.5 million in a Series A funding round. This brings the company's total funding to $43.5 million. The investment was made by notable firms including Notable Capital, Khosla Ventures, Kleiner Perkins, and SV Angel, along with various tech founders and executives.

Summary of transaction details:

  • Deal Type: Series A
  • Transaction Amount: $35,500,000
  • Founders: Phoebe Gates & Sophia Kianni
  • Headquarters Location: New York City
  • Notable Investors: Notable Capital, Khosla Ventures, Kleiner Perkins & SV Angel

Founded by Phoebe Gates and Sophia Kianni, Phia is focused on enhancing customer engagement through a points-based rewards system, centralized shopping carts, and a digital closet for tracking past purchases. The company has also attracted high-profile celebrity investors, including Khloé Kardashian, Alix Earle, Sydney Sweeney, and Priyanka Chopra Jonas, to support its growth initiatives.

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IMAGE: the New York City–based shopping and rewards platform founded by Phoebe Gates and Sophia Kianni, raised a $35.5 million Series A, bringing its total funding to $43.5 million. The round expands its cap table with high-profile investors and operators including Notable Capital, Khosla Ventures, and Kleiner Perkins, alongside a broad group of tech founders and executives. The company also drew notable celebrity backers such as Khloé Kardashian, Alix Earle, Sydney Sweeney, Priyanka Chopra Jonas, and others, as it continues building features like a points-based rewards system, centralized shopping carts, and a digital closet for users’ past purchases. FOUNDERS: Phoebe Gates & Sophia Kianni INVESTORS: Notable Capital, Khosla Ventures, Kleiner Perkins & SV Angel ROUND: Series A AMOUNT: $35,500,000 HQ: New York City

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