Moda Operandi Raises $100 Million in New Capital

Moda Operandi is an e-commerce platform has raised $100 million in new equity and debt financing
e commerce

Moda Operandi, the world’s leading platform for fashion discovery, today announced it has raised $100 million in new equity and debt financing, led by existing investors New Enterprise Associates, Inc. (NEA) and the Apax Digital Fund, with additional participation from the Santo Domingo family, Comerica Bank and TriplePoint Capital, among others.

Moda will use the proceeds to continue to invest in its core client experience, innovative shopping model, unique curation of fashion, fine jewelry, and home decor, as well as the technology systems and data that power the Moda platform martech news.

Moda Operandi CEO Ganesh Srivats said that for the past nine years, Moda has disrupted the way people shop for luxury fashion martech. This investment will allow them to develop on that innovation, investing further in the client and designer experience and connecting more of the best fashion to more individuals around the world.

Dan O’Keefe, Managing Partner of Apax Digital, said that they will continue to be impressed with the power of Moda’s brand and its positioning in the luxury market. Moda has been enhancing its tech abilities as a world-leading platform for fashion discovery and is led by a world-class team. They look forward to continuing to support their expansion.

Tony Florence, General Partner and Head of Technology Investing at NEA said that Moda Operandi has really disrupted the traditional ecommerce model, using technology to give people unprecedented access to fashion. It was a big idea when they led Series A, and now Ganesh and the team are executing on that data-enabled retail model at scale. They are thrilled to continue supporting the company in this latest round.

The present commitment brings Moda Operandi’s total equity capital raised to date to $345 million.

Previous ArticleNext Article

Leave a Reply

Your email address will not be published. Required fields are marked *