Home / Knowledge / News / Apparel/Garments / Apparel retailer Moda Operandi raises $10 million
Apparel retailer Moda Operandi raises $10 million
28
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

Courtesy: Kai Pilger from Pexels

Textiles | On 24th Apr 2018

Pakistan’s textile exports up 7.77% in July-March FY18

The value of textile and garment exports from Pakistan increased by...

Alliance to form joint entity for safety in factories

Apparel/Garments | On 24th Apr 2018

Alliance to form joint entity for safety in factories

On the 5th anniversary of the Rana Plaza Collapse, The Alliance for...

China’s Alibaba partners with Thailand for digital trade

Textiles | On 24th Apr 2018

China’s Alibaba partners with Thailand for digital trade

China’s Alibaba Group recently signed an agreement with the Thai...

Interviews View All

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


April 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search