According to local reports (read here), TrendsBrands, a Moscow, Russia-based fashion retailer, could have raised $4m in funding.
Backers included French Ventech, which could have committed $3m with another $1m coming from existing investors Kite Ventures and ru-Net.
According to Kommersant, which reports the pre-money valuation could amount to $6,4m.
Founded in June 2011 by CEO Anastasia Sartan, TrendBrands provides products from high-end Russian and foreign designers and brands operating an online business and two stores, located in central Moscow.
The company intends to use the capital to develop the range of products.
FinSMEs
10/02/2013