FastTrends.com

company

About

FastTrends is your exclusive source for ProfitCaster, a new service that boosts productivity and profits.

  • 1 - 10

Details

Last Funding Type
Seed
Last Funding Money Raised
$250K
Industries
Business Development,Retail
Founded date
Jan 1, 1999
Number Of Employee
1 - 10
Operating Status
Active

The need for FastTrends.com became apparent to Tom Andrews and Eric Henry as they grew their licensed t-shirt company, Logotel, from startup to trend-setting industry leader.

Tom and Eric saw that every link in the licensing chain, from licensor to retailer, was missing out on potentially valuable opportunities because each step of the licensing process was so time consuming and inefficient. They realized that today's technologies could be used to reduce lag times, identify and contact potential strategic partners, build lasting and profitable relationships, provide promotional opportunities, deliver important industry news, and track all of the licensing processes on a product by product basis.

But they also knew that this $140+ billion a year industry was built on personal relationships and that it would not, could not, and should not be turned into an impersonal "technology business" with the click of a mouse. That's why they envisioned a company where personally delivered member services would form the backbone for an industry leading array of easy-to-use, customizable, online tools developed to help each individual member expand their own segment of the licensing industry.

FastTrends.com is the realization of that vision.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
1
$250K
FastTrends.com has raised a total of $250K in funding over 2 rounds. Their latest funding was raised on May 9, 2000 from a Seed round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
May 9, 2000 Seed $250K 1 Maryland Angels Council Detail

Investors

Number of Lead Investors
Number of Investors
1
1
FastTrends.com is funded by 1 investors. Maryland Angels Council are the most recent investors.
Investor Name Lead Investor Funding Round
Maryland Angels Council Yes Seed