EquiTrust-backed clothing e-commerce company Luxury Closet has collected $11m, taking its overall funding to nearly $30m.
Luxury Closet, the United Arab Emirates-based online premium fashion retailer backed by life insurance firm EquiTrust, has added an undisclosed amount of funding to close a growth round at $11m.
The second tranche was led by venture capital fund Knuru Capital and also featured VC firms Middle East Venture Partners (MEVP) and Wamda Capital, while MEVP’s other seed fund, MEVF I, sold some of its existing shares in the transaction.
Founded in 2011, Luxury Closet sells new and pre-owned luxury…
