Foot Locker will own a minority stake in the $15 million Series A funding round of Carbon38, which has raised $26 million since its 2013 founding by two Harvard alumns, one of whom worked on Wall Street and the other as a professional ballerina. Lauren Peters, Foot Locker’s CFO, will also join the board as part of the transaction. Their site, which sells its own label as well as some high end women’s activewear like Adidas by Stella McCartney and Sweaty Betty, has been one of the most talked about successes in the fashion industry.

Big Foot said the investment will ... Log in to view full article.