American Popular Clothing Online Sales Website Financing $19 Million 800 Thousand
July 1st, according to foreign media reports.
Fashion
Online sales website Mod Cloth recently raised $19 million 800 thousand through second rounds of financing.
The current round of financing was led by Accel Partners, a venture capital company. The investment included the Floodgate and First Round Capital that had already been invested.
According to the investment agreement, Accel Partners partner Dylcia Glu Lanzeta (Theresia Gouw Ranzetta) will join the Mod Cloth board.
Mod Cloth was founded in 2002 and passed.
website
For young ladies to sell fashionable clothes, Eric Koger and Susan Greg Koger (Susan Gregg Koger) are husband and wife. Eric Koger.
The company has been profitable since 2009.
Mod Cloth
The plan is to raise the financing to improve its inventory and sales capabilities. Eric Koger said the biggest problem of the company is the shortage of hot clothing.
In addition, the website will add some social functions, including a more powerful voting mechanism.
Mod Cloth currently has more than 150 employees.
The company will open new offices in San Francisco and Losangeles.
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