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

Union Minister for finance Arun Jaitley chairing the 25th GST Council meeting, flanked by minister of state for finance Shiv Pratap Shukla (right) and finance secretary Dr Hasmukh Adhia. Courtesy: PIB

Textiles | On 20th Jan 2018

GST rate on velvet fabric reduced to 5%

The 25th Goods and Services Tax (GST) Council meeting, held under the ...

RIL petrochemicals’ revenue grows 47.6% in Q3 FY18

Textiles | On 20th Jan 2018

RIL petrochemicals’ revenue grows 47.6% in Q3 FY18

The revenue from the petrochemicals segment at Reliance Industries...

Courtesy: Cotton USA

Textiles | On 20th Jan 2018

US cotton bodies pledge to support CCI activities

Ten US cotton organisations have pledged industry contributions in...

Interviews View All

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Larry L Kinn
Suominen Corporation

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Nisha Chanda
Whistling Woods International School of Fashion

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

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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

January 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
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

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
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

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
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

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
8.2%
Skip
9.3%

Total Votes: 97


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