Phoebe Gates emphasizes 'the people that you build with' as her AI fashion-tech startup Phia secures $8 million from top investors.

Phoebe Gates highlights the significance of collaboration and relationships over financial backing as she develops her AI fashion-tech startup, Phia. The company has already garnered over 500,000 users since its launch.

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Benzinga
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Sources: Benzinga
Phoebe Gates' entrepreneurial journey continues with her AI fashion-tech startup, Phia. Launched in April 2025 with Stanford roommate Sophia Kianni, Phia has rapidly gained traction, securing over 500,000 users and 5,000 brand partnerships as reported by Fortune.

Gates, the daughter of philanthropic power couple Bill and Melinda French Gates, emphasized that her parents offered only advice, asserting, "She got capitalized not because of my contacts, not because of me. I wouldn't put money into it." This independence reflects her vision for Phia's success.

During a recent appearance on Fortune's Term Sheet podcast, Gates underlined the importance of collaboration, stating, "the people that you build with... that's what's actually going to define whether the product succeeds." The $8 million funding will support Phia's growth as it seeks to revolutionize the intersection of fashion and technology.
Sources: Benzinga
Phoebe Gates announced that her AI fashion-tech startup, Phia, has secured $8 million from investors. Emphasizing team dynamics, Gates stated, "the people that you build with" are crucial to a startup's success, despite her billionaire parents not investing directly in her venture.
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Key Facts
  • Phoebe Gates emphasizes the importance of people over money in her startup journey.Benzinga
  • Phia has attracted more than 500,000 users and 5,000 brand partnerships since its debut in April 2025.Benzinga
  • Phoebe Gates secured $8 million in funding from top investors to support her startup.Benzinga
A billionaire and co-founder of Microsoft Corporation, Bill Gates and Melinda French Gates may be among the world's richest philanthropists, but when it comes to their 23-year-old daughter Phoebe's first company, the only thing they offered was advice, not cash.
Benzinga
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