Funding round
Moda Operandi Growth
Reported as "Growth Equity"
Moda Operandi, which works in luxury fashion retail in New York, raised $36M in a Growth round announced on 8 Jun 2012, led by RRE. 7 firms took part. It is Moda Operandi's first venture round on record.
$36M
Amount raised
Not disclosed
Post-money valuation
7
Investors
1 lead
Valuation
What this round says about the price
Moda Operandi did not disclose a valuation in this round. It is Moda Operandi's first venture round on record, 2 years after it was founded in 2010. It is 10.0% of the $361M Moda Operandi has raised in the venture rounds on record. Moda Operandi raised again 32 months later: a Series E round of $60M in Feb 2015. Its next priced round, a Series G in May 2021, valued it at $699M.
Moda Operandi's funding rounds
Moda Operandi has 4 venture rounds on record and 1 other deal. This one is highlighted.
- Growth this round 8 Jun 2012, led by RRE $36M
- Series E 16 Feb 2015, led by Fidelity Investments $60M
- Growth 6 Dec 2017, led by Apax Partners and Adrian Cheng $165M
- Debt not a venture round 31 Jan 2020, led by Apax Partners $100M
- Series G 4 May 2021, led by Apax Partners and New Enterprise Associates $100M$699M post-money
Investors
Who put money in
RRE led the round with 6 other firms.
Lead investor
- backs 68 venture-backed companies new investor
Also in the round
- New Enterprise Associates backs 286 venture-backed companies new investor
- backs 6 venture-backed companies new investor
- CondeNast new investor
- LVMH new investor
- IMG new investor
- LVMH Moët Hennessy Louis Vuitton
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 1 in Clothing Stores, then Growth rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Clothing Stores | 19 May 2013 | $40M | $200M | MediaCorp |
| Decorators & Interior Designers | 26 Jun 2012 | $210M | not disclosed | Morgan Stanley |
| Auto Parts Manufacturers | 28 Jun 2012 | $50M | not disclosed | Northgate |
| Tech Companies | 18 Jun 2012 | $47M | not disclosed | Oak Investment Partners and New Enterprise Associates |
| Digital & Marketing Agencies | 5 Jun 2012 | $12M | not disclosed | Manulife Comvest Credit Partners |
| Tech Companies | 29 Jun 2012 | undisclosed | not disclosed | not named |
| Pumps & Hydraulics Manufacturing | 13 Jun 2012 | undisclosed | not disclosed | not named |
| Tech Companies | 9 Jul 2012 | $100M | not disclosed | Madison Dearborn Partners |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Moda Operandi raise in its Growth round?
Moda Operandi raised $36M in its Growth round, announced in Jun 2012.
Who led Moda Operandi's Growth round?
RRE led it, with New Enterprise Associates, NAV.VC, CondeNast, LVMH and IMG and 1 more.
What was Moda Operandi's valuation at the Growth round?
It was not disclosed.
Did Moda Operandi raise again after this round?
Yes: a Series E round in Feb 2015 of $60M.