MODA OPERANDI RAISES $100 MILLION IN NEW CAPITAL

Online fashion retailer Moda Operandi has raised $100 million in new equity and debt financing. This round of funding was led by existing investors New Enterprise Associates (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, its unique shopping model, and curation of fashion, fine jewelry, and home decor, as well as the data and technology systems that power the website itself.

“For the past nine years, Moda has disrupted the way people shop for luxury fashion,” said Ganesh Srivats, CEO of Moda Operandi. “This investment will enable us to build on that innovation, investing further in the client and designer experience and connecting more of the world’s best fashion to more people.”

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