US Apparel Website Wins $19 Million 800 Thousand By Venture Capital
On July 1st, according to foreign media reports, ModCloth, a popular online sales website, 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 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 financing to improve its inventory and sales capabilities, and Eric Koger said the biggest problem is that there is often a shortage of hot clothing.
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.
- Related reading
- Teach you to open a shop | How Can Beauty Salons Develop The Market Efficiently?
- Marketing manual | Chain Marketing: Connect Up, But Also Lock Up.
- Macro economy | Fed Proso: The Federal Reserve Is Preparing Contingency Plans For A Default.
- Shoes and clothing technology | Environmentally Friendly Clothes, Fabrics Can Not Guess.
- Fashion frontier | 这个夏天，跟我一起引领女鞋设计时尚!
- international news | Canada'S CPI Dropped Sharply In June
- Industry leader | 台湾成霖：借力使力的品牌经
- Business management | 如何打造优秀管理团队
- Entrepreneurial path | 信息文化：决定信息化成败的五大根基
- brand building | "Thousand Ren Gang" Costumes: Five Initiatives "Beyond Dreams"
- Vietnamese Textile And Garment Industry Suffered $300 Million Damage Due To Power Failure Exports
- American Apparel And Textile Industry In China?
- Vietnam'S Domestic Market Demand For Footwear Exceeds US $1 Billion 500 Million.
- Yuko Ogura Bikini Dressed As A Maid To Shoot Sexy Pictures.
- Xinjiang Commodity Cotton Export Speed Continues To Accelerate
- Germany'S Inflation Rate Dropped To 0.8% Due To Lower Clothing Prices.
- Australian Apparel Industry Continues To Slide
- Britain'S Most Expensive Men'S Suit &Nbsp; Forecast Price Of 600 Thousand Pounds.
- Egyptian Clothing And Textiles Will Take Part In European Market
- Summer Fashion Sandals &Nbsp; Spicy And Full.