US Apparel Website Modcloth Raised $19 Million 800 Thousand.
According to foreign media reports,
Popular
Apparel online sales website ModCloth recently passed the second round.
financing
It raised 19 million 800 thousand dollars.
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 ModCloth board.
ModCloth was founded in 2002, selling fashionable clothes for young ladies through its website. Eric Koger Koger (Eric Koger) and Susan Gregg Koger are husband and wife.
The company has been profitable since 2009.
ModCloth plans to use the facility to raise its inventory.
Sale
Ability, Eric Koger said, the biggest problem of the company is that some hot clothes are often short of stock.
In addition, the website will add some social functions, including a more powerful voting mechanism.
ModCloth currently has more than 150 employees.
The company will open new offices in San Francisco and Losangeles.
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