Olivela, Inc., a luxury fashion and beauty retail company, raised $35m in Series A financing.
The round was led by Morgan Stanley & Co. International plc.
The company intends to use the funds to accelerate its next phase of growth continuing to build partnerships with charitable partners locally, nationally, and internationally.
Launched in 2017 by Stacey Boyd, Olivela sells fashion, accessories, jewelry and beauty from the world’s most luxurious brands, with a portion of proceeds – 20% – from every purchase to benefit charitable causes around the globe. The company stocks 400+ luxury brands.
To date, it has donated to global charities like CARE and Malala Fund, in addition to community charities such as the Nantucket Cottage Hospital and Aspen Education Foundation.
Olivela has a current team of 60+ has offices in New York, London and San Francisco.