M.Gemi Raises $18M in Series B Funding

m.gemiM.Gemi, a Boston, MA- and Florence, Italy-based luxury shoes brand, closed a $18M Series B funding round.

The round was led by Accel, with participation from existing investors General Catalyst Partners, Forerunner Ventures and Breakaway Ventures.

The company has raised $32M in total funding.

The company intends to use the funds to build out the team, develop data-centric inventory management systems and invest in innovative marketing strategies.

Launched in March 2015 by CEO Ben Fischman, previously, founder and CEO of RueLaLa, M.Gemi┬ápartners with Italy’s specialty factories to respond to client reactions with weekly adjustments to its supply chain and release new, limited-edition handcrafted styles every single Monday.

FinSMEs

05/11/2015

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