Home / Knowledge / News / Apparel/Garments / Apparel retailer Moda Operandi raises $10 million
Apparel retailer Moda Operandi raises $10 million
Jun '11
Moda Operandi, the first online luxury retailer to allow members to pre-order from the most respected designers immediately following their runway shows, announced that has raised $10 million in funding.

The Series B financing is led by New Enterprise Associates (NEA), one of the world's leading venture capital firms. New Atlantic Ventures (NAV), the lead investor from the Series A round of financing, is also investing in this round. The new financing is designed to support continued growth and expansion at Moda Operandi.

"Since our launch in February, our unique pre-order model has attracted exceptional interest and international demand from both exclusive designers and discriminating customers. As we focus on growth, we recognize the importance of building an infrastructure that will allow us to continue to offer the highest levels of brand positioning for our partners and personalized customer service for our members," said Aslaug Magnusdottir, CEO and co-founder of Moda Operandi.

"We are very excited to gain the support of investors with the kind of stature and vision as NEA in this round of funding and look forward to activating this investment to the benefit of our brands and members."

"NEA is excited to invest in Moda Operandi, a company that presents a distinctly unique value proposition for both designers and consumers," said Tony Florence, a partner at NEA. "Moda Operandi is partnering with the world's most acclaimed designers due to the founders' deep relationships and expertise in the fashion industry, and in return, brands secure access to Moda Operandi's highly valuable and targeted membership base of consumers."

"We invested in Moda Operandi when it was simply a concept and are funding them again because of the company's remarkable traction," said Thanasis Delistathis, managing partner, New Atlantic Ventures. "Moda Operandi represents this new era of ecommerce that gives consumers direct and unprecedented access to coveted fashion over the Web."

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; Moda Operandi provides fashion trendsetters with access to complete collections from the finest brands - including exclusive ready-to-wear, accessories and jewelry - immediately following their runway show.

Moda Operandi

Must ReadView All

Apparel/Garments | On 27th Mar 2017

Fynd raises $500K Series A funding from Venture Catalysts

Fynd, an online to offline (O2O) e-commerce fashion marketplace, has...

Apparel/Garments | On 27th Mar 2017

Digital technology to accelerate Indian business growth

Indian business will benefit much by going digital, according to a...

Textiles | On 27th Mar 2017

Raymond to buy 98,000 metres khadi fabric from KVIC

Raymond, leading Indian fashion retailer, has ordered 98,000 metres...

Interviews View All

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Kaizad Hansotia

Competition is the best thing that can happen to a startup

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search