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Sophia Amoruso’s Los Angeles-Based Fashion Retail Website Nasty Gal Raises $40M Series B From Index Ventures

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From eBay store to major online retail destination, CEO Sophia Amoruso goes big with Nasty Gal.

By Angie Chang (Co-Founder & Editor-in-Chief, Women 2.0)

Los Angeles-based shopping site Nasty Gal raises $40M Series B from Index Ventures.

In 2006, Nasty Gal started as an eBay store “Nasty Gal Vintage” curated and painstakingly grown by founder and CEO Sophia Amoruso, who hired friends as employees to grow Nasty Gal into its own web domain and major online retail destination. Forbes reports that without outside financing or marketing, Nasty Gal took in $28M in revenue in 2011, up from $10M in 2010.

Index Ventures’ portfolio companies include UK-based online fashion retailer ASOS, Net-A-Porter (co-founded by CEO Natalie Massenet), Go Try It On (founded by CEO Marissa Evans) and 3-D printing company Shapeways (co-founded by CFO Marleen Vogelaar).

Congrats to Nasty Gal founder and CEO Sophia Amoruso on the latest round of fundraising and continued success of the online fashion retailer!

Angie Chang co-founded Women 2.0 in 2006. She currently serves as Editor-In-Chief of Women 2.0 and is working to mainstream women in high-growth, high-tech entrepreneurship. Previously, Angie held roles in product management and web UI design. In 2008, Angie launched Bay Area Girl Geek Dinners, asking that guys come as the “+1″ for once. Angie holds a B.A. in English and Social Welfare from UC Berkeley. Follow her on Twitter at @thisgirlangie.