Moda Operandi Lands $20,000,000 New Financing

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=33c2b373-37c1-4c96-a32d-ea1cd23cfd49
Date
12/13/2013
Company Name
Moda Operandi
Mailing Address
33 West 19th Street New York, NY 10001
Company Description
Moda Operandi is the first online luxury fashion retailer to allow members to pre-order tomorrow’s styles today. Working closely with the world’s top designers such as Marc Jacobs, Isabel Marant, Proenza Schouler, Vera Wang and Missoni.
Website
http://www.modaoperandi.com
Transaction Type
Venture Equity
Transaction Amount
$20,000,000
Transaction Round
Undisclosed
Proceeds Purposes
The company told WWD it plans to use the money on more inventory, ramping up technology, expanding mobile and relaunching the site.
M&A Terms
Venture Investor
LVMH Moët Hennessy Louis Vuitton
Venture Investor
Undisclosed