The Richmond, London-based fashion technology company is looking to boost its growth in the US – currently the firm’s second-largest market – backed by fresh funding largely coming from the crowdfunding platform Seedrs.“We are experiencing an exhilarating post-pandemic recovery, with growth of more than 60% year-on-year, as work and going out trends normalise,” said Spoke CEO Ben Farren. Spoke has a pre-money valuation of £57.5m and sold 7.55% in equity during its crowdfunding raise.“We’re thrilled to see the progress that Ben and the team have made in growing the Spoke brand,” said Oxford Capital founding partner David Mott.“The company has successfully managed the changing needs of consumers – growth over the last year and projections for the year ahead are really promising.”Spoke sets Seedrs recordSpoke’s last funding round was a $10.7m Series B round in 2019, led by Forward Partners and Business Growth Fund. The company recently opened an additional distribution centre in Germany to bolster delivery capabilities across Europe. Founded in 2014, Spoke uses a proprietary machine learning algorithm, the ‘Fit Finder’, to match customers with well-fitting products. Spoke says it’s trading ahead of its full-year target. With its latest £5m fundraise, Spoke has become one of the biggest raises via the Seedrs investment platform in 2022.“The success of Spoke’s crowdfunding campaign was testament to the product and community they have built since its launch in 2014,” said Clement Bigot, senior investment manager at Seedrs.