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New Deal


Announced

Completed

New Enterprise Associates and Apax Partners led a $100m funding round for Moda Operandi.

Financials

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Transaction Value£76m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Private Equity

Friendly

United States

E-commerce

Single Bidder

fashion e-commerce platform

Acquisition

Venture Capital

Minority

Completed

Cross Border

Synopsis

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New Enterprise Associates and Apax Partners led a $100m funding round for Moda Operandi, an e-commerce platform, with additional participation from the Santo Domingo family, Comerica Bank and TriplePoint Capital, among others. "Moda Operandi has really disrupted the traditional ecommerce model, using technology to give people unprecedented access to fashion. It was a really big idea when we led the Series A, and today Ganesh and the team are executing on that data-enabled retail model at scale. We are thrilled to continue supporting the company in this latest round," Tony Florence, NEA General Partner and Head of Technology Investing.

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