Moda Operandi shows off $165m in funding

Dec 7, 2017 • Robert Lavine

The Advance Publications and IGM-backed fashion e-commerce platform has now raised $297m since it was founded in 2011.

Moda Operandi, the US-based high-end fashion e-commerce platform backed by media company Advance Publications, closed a $165m growth round yesterday.

Apax Digital, the growth fund advised by private equity firm Apax Partners, co-led the round with C Ventures and K11 Investment, two vehicles for entrepreneur Adrian Cheng. The round also featured existing investors including New Enterprise Associates (NEA), LVMH and Fidelity.

Founded in 2011, Moda Operandi operates an online platform that allows users to pre-order looks from designers while clothes…

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