Eurazeo to invest $53m in Pangaea Holdings.

Eurazeo, a global investment group, agreed to invest $53m in Pangaea Holdings, an e-commerce platform. "Richard and Darwish have launched a platform and products that address a significant need in an attractive, growing market. The team has achieved impressive results in a short period of time across geographies and categories, demonstrating strong product appeal to global consumers. They have also built a highly scalable technology that can support future brand development. The company is well-positioned for future growth and we look forward to partnering with Pangaea to help its brands meet their full potential," Jill Granoff, Eurazeo Managing Partner.