AlexandAlexa, a London, UK-based online retailer for luxury children’s wear, has raised £1.5m from MMC Ventures.
With the transaction, MMC is taking a “significant” minority stake in the business.
The company intends to use the funds to expand internationally.
Founded in September 2007 by husband and wife team Alex and Alexa Theophanous, AlexandAlexa stocks over 75 luxury and premium brands, offering children’s designer clothes, shoes, toys, books and gifts for children aged 0 – 12 years.
It sells premium brands such as Ralph Lauren Kids, Burberry Kids, Little Marc Jacobs and Junior Gaultier.
In conjunction with the funding, Rory Stirling, investment manager at MMC Ventures, joins the board of the company.