M.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 partners 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.