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Dia&Co
Dia&Co was co-founded by Nadia Boujarwah and Lydia Gilbert in 2014 to serve plus-size women with personalized styling before its 2022 acquisition by...
Dia&Co
Dia&Co was founded in 2014 by Harvard Business School classmates Nadia Boujarwah and Lydia Gilbert. The company targeted the underserved plus-size women's apparel market, offering a subscription-based personal styling service similar to Stitch Fix but focused on sizes 14 and up. It grew to serve hundreds of thousands of customers and raised $55M in total funding from Sequoia Capital, Maveron, and other venture investors (per TechCrunch, 2021). Dia&Co's model combined proprietary fit algorithms with human stylists to curate boxes of clothing from partner brands. The company reported revenue growth of over 100% year-over-year in 2020 (per Forbes, 2021). Its primary operations were in the United States, with sourcing from a network of third-party apparel manufacturers. The firm was acquired by Stitch Fix in October 2022 for $60M in cash and stock, with earn-out potential up to $100M (per TechCrunch, October 2022). Post-acquisition, Dia&Co operates as a standalone brand within Stitch Fix's portfolio, retaining its New York headquarters and team. Dia&Co's structural differentiator was its narrow demographic focus on plus-size women, a market that was historically overlooked by traditional retailers and stylist services. This allowed it to build a deep understanding of fit preferences and customer loyalty in a segment that other subscription-box startups avoided.
General information
Firm type
Other
Year founded
2014
AUM
Undisclosed
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Principals
Nadia Boujarwah
Co-Founder and CEO
Lydia Gilbert
Co-Founder and COO
Sector focus
Frequently asked questions
Who founded Dia&Co and what was their background?
Dia&Co was co-founded by Nadia Boujarwah and Lydia Gilbert, who met while students at Harvard Business School. Boujarwah had previously worked at McKinsey and on Hillary Clinton's 2008 presidential campaign. Gilbert had worked at Wal-Mart and as a product manager at a fashion-tech startup (per Forbes, 2018).
How did Dia&Co make money?
Dia&Co operated a subscription styling service where customers paid a $20 styling fee per box, which was credited toward any purchases they kept from the box. The company made money on the margin of items sold, with typical box values between $100 and $200 (per Crunchbase, public record).
What was Dia&Co's relationship with Stitch Fix?
Stitch Fix acquired Dia&Co in October 2022 for $60M up front, with additional earn-out payments possible up to $100M based on performance. Dia&Co operates as a separate brand within Stitch Fix's portfolio, retaining its New York office and team (per TechCrunch, October 2022).
Who invested in Dia&Co?
Dia&Co raised $55M in total venture funding from Sequoia Capital, Maveron, and other investors. Sequoia led the Series B round in 2018 (per TechCrunch, 2018).
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