Rihanna’s Savage X Fenty lingerie brand has received $50 million in new funding, bringing total investment in the company to $70 million since its launch in May 2018.
Investors include fellow singer Jay-Z’s venture firm Marcy Venture Partners LLC and Avenir Growth Capital, The Wall Street Journal reported.
Savage X Fenty is a joint venture between Rihanna and Techstyle Fashion Group.
The singer has leveraged her social media power to quickly grow the online-native brand to an annual revenue…
