Moda Operandi Secures $165 Million
Fashion company Moda Operandi raised $165 million in financing, led by K11 and Apax Partners. New Enterprise Associates, LVMH Moët Hennessy Louis Vuitton, and Fidelity Management & Research Company also participated.
According to the company, Moda Operandi is the first online luxury fashion retailer to allow members to “pre-order tomorrow’s styles today.” Working closely with designers, it provides members with access to complete ready-to-wear, accessories, and jewelry collections immediately following their runway shows. Membership perks include recommendations from top stylists, access to a personal shopping assistant, and tools to review looks from every angle.
The company revealed that this funding will be used to support the acceleration of its international business, with particular focus in Asia and the Middle East.