MODASUITE Secures Seed Financing

MODASUITE, a Montreal, Canada-based vertically integrated online retailer of personalized and made-to-fit menswear, has secured seed financing.

Investors include Real Ventures, Anges Quebec investors and Bolidea.

The company intends to use the funding to expand internationally.

In conjunction with the funding, Mark MacLeod from Real Ventures and Martin-Luc Archambault representing Anges Quebec investors will both be joining Modasuite’s board.

Launched in 2010 by CEO Yifeng Song and CIO Hicham Ratnani, Modasuite started from shirting and has now expanded its product portfolio to include designer collaborations. Clients are allowed to browse designer products and choose between making their garments in standard sizes as well as in fully made-to-measure.

FinSMEs

27/04/2011