Moda Operandi, a fashion discovery platform, raised $100 million in a new equity and debt financing agreement.
New Enterprise Associates (NEA), and Apax Digital Fund led the round, with additional participation from the Santo Domingo Family, Comerica Bank and TriplePoint Capital, along with other investors. NEA and Apax are original investors.
“For the past nine years, Moda has disrupted the way people shop for luxury fashion,” said Ganesh Srivats, Moda Operandi CEO, in a statement. “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.”
Moda lets consumers shop for what’s new and what’s next in designer fashion from the world’s top emerging designers and luxury brands. Moda caries more than 1,000 brands and designers across fashion, fine jewelry and home, and ships to 125 countries around the world.
The company will use the funding to continue investing in its core client experience, innovative shopping model, unique curation of fashion, jewelry and home decor, as well as data and technology systems that power Moda’s platform.