Moda Operandi, a NYC-based platform for fashion discovery, raised $100m in new equity and debt financing.
The round was led by existing investors New Enterprise Associates, Inc. (NEA) and the Apax Digital Fund, with participation from the Santo Domingo family, Comerica Bank and TriplePoint Capital, among others.
The new commitment brings Moda Operandi’s total equity capital raised to date to $345 million.
The company will use the funds to invest in its core client experience, innovative shopping model, unique curation of fashion, fine jewelry, and home decor, as well as the data and technology systems that power the platform.
Founded in 2010, and led by CEO Ganesh Srivats, Moda Operandi is an e-commerce platform for people to discover and shop for designer fashion. Through commerce and content, the company allows women and men to shop for designer fashion from emerging designers and luxury brands. Today, the platform carries more than 1,000 brands and designers across fashion, fine jewelry and home, and ships to 125 countries.
FinSMEs
31/01/2020