ModeWalk, a Palo Alto, California–based online luxury retailer, has raised over $1.8m in Series A funding.
The round was led by Merus Capital, with additional participation from Silicon Valley angel investors and luxury industry executives.
The company intends to use the funding to accelerate development of technology, support merchandising and advance marketing initiatives.
Founded by CEO Beatrice Pang, Henri Deshays, Ragi Burhum and Mara Behrens, ModeWalk aims to provide users with a by-city e-commerce experience with the best in luxury goods, beginning with Paris. Luxury fashion brands have the opportunity to share their perspectives and designs directly with members from around the world curating their own space on the site, giving members a rich understanding of the brand identity and their designs.
The site offers exclusive pieces and limited editions.
The company also has offices in Paris.
FinSMEs
24/01/2012