Modacruz, an Istanbul, Turkey-based mobile marketplace of second hand women fashion items in Turkey, raised $2m in Series B funding.
The round was led by Middle East Venture Partners (MEVP), with participation from Hummingbird Ventures and Nevzat Aydin.
The company, was seeded by Aslanoba Capital in July 2014, intends to use the funds for user acquisition, expansion in Turkey, growth of its inventory.
Founded by Turkish entrepreneur Melis Guctas Melis Guctas, CEO, Modacruz is a mobile social marketplace, enabling women in Turkey to buy and sell pre-owned brand name fashion items. Users can sign up to the platform to either find and purchase products or to sell their own.
Launched in 2014, the company built a large customer base of one million women and inventory, which currently features over three million listed items.