Moda Operandi, an online marketplace for luxury fashion, accessories and home decor, is today announcing a high-priced event of its own: it's raised $100 million, a mix of equity and debt that it will use to invest in its platform and technology as well as to continue growing business overall, which was founded in 2010 and today offers products from some 1,000 brands and designers and ships to 125 countries. “For the past eight years, Moda has disrupted the way people shop for luxury fashion,” said Moda Operandi CEO Ganesh Srivats in a statement. The financing is being co-led by NEA and Apax Partners, both previous investors in Moda Operandi, with participation also from the Santo Domingo Family (connected to Lauren Santo Domingo, who co-founded the company with Aslaug Magnusdottir), Comerica Bank, TriplePoint Capital and other unnamed investors.
from Yahoo Tech https://ift.tt/39052UX
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