Funding round
Moda Operandi Series E
Moda Operandi, which works in luxury fashion retail in New York, raised $60M in a Series E round announced on 16 Feb 2015, led by Fidelity Investments. 8 firms took part, 5 of them already investors. It is Moda Operandi's second venture round on record; the one before was a Growth in Jun 2012.
$60M
Amount raised
Not disclosed
Post-money valuation
8
Investors
1 lead
Valuation
What this round says about the price
Moda Operandi did not disclose a valuation in this round. It came 32 months after Moda Operandi's Growth. It is 17% of the $361M Moda Operandi has raised in the venture rounds on record. Moda Operandi raised again 34 months later: a Growth round of $165M in Dec 2017. 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 8 Jun 2012, led by RRE $36M
- Series E this round 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
Fidelity Investments led the round with 7 other firms. New Enterprise Associates, Advanced Publications, Inc., NAV.VC and LVMH and 1 more had backed Moda Operandi before.
Lead investor
- Fidelity Investments new investor
Also in the round
- New Enterprise Associates backs 286 venture-backed companies existing investor
- Advanced Publications, Inc. existing investor
- backs 6 venture-backed companies existing investor
- Future Fund new investor
- Condé Nast new investor
- LVMH existing investor
- backs 68 venture-backed companies existing investor
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: Series E rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 26 Feb 2015 | $144M | not disclosed | Abry Partners and J.P. Morgan Private Equity Limited |
| Tech Companies | 1 Jan 2015 | $68M | not disclosed | not named |
| Tech Companies | 1 Jan 2015 | $20M | not disclosed | not named |
| Newspapers & Magazines | 1 Dec 2014 | $47M | $380M | General Atlantic |
| Batteries | 5 Nov 2014 | $37M | not disclosed | not named |
| Tech Companies | 24 Nov 2014 | $25M | not disclosed | Centerview Capital Technology |
| Real Estate Investment | 25 Jun 2015 | $400M | $10.00B | not named |
| Tech Companies | 2 Jun 2015 | $45M | not disclosed | Technology Crossover Ventures |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Moda Operandi raise in its Series E round?
Moda Operandi raised $60M in its Series E round, announced in Feb 2015.
Who led Moda Operandi's Series E round?
Fidelity Investments led it, with New Enterprise Associates, Advanced Publications, Inc., NAV.VC, Future Fund and Condé Nast and 2 more.
What was Moda Operandi's valuation at the Series E round?
It was not disclosed.
Did Moda Operandi raise again after this round?
Yes: a Growth round in Dec 2017 of $165M.