What is ModCloth?
ModCloth is a digitally native lifestyle brand dedicated to inspiring personal style and empowering women of all sizes (XXS-4X) to feel their best. Founded in 2002, the company offers a distinctive assortment of vintage-inspired apparel at accessible price points. Its commitment to inclusivity and unique aesthetic has positioned it as a notable player in the fashion retail landscape, bridging the gap between online accessibility and curated style.
How much funding has ModCloth raised?
ModCloth has raised a total of $65.4M across 6 funding rounds:
Other Financing Round
$1.1M
Series A
$2.1M
Series B
$19.8M
Series C
$25M
Other Financing Round
$2.5M
Private Equity
$15M
Other Financing Round (2008): $1.1M with participation from First Round Capital, Innovation Works, and Great Oaks Venture Capital
Series A (2009): $2.1M led by Maples Investments and First Round Capital
Series B (2010): $19.8M supported by First Round Capital, Floodgate, and Accel Partners
Series C (2012): $25M featuring Floodgate, Accel Partners, First Round Capital, and Norwest Venture Partners
Other Financing Round (2012): $2.5M backed by Norwest Venture Partners
Private Equity (2015): $15M, investors not publicly disclosed
Key Investors in ModCloth
Norwest Venture Partners
Norwest Venture Partners is a global, multi-stage venture capital and growth equity investment firm founded in 1961, with a focus on supporting companies across various sectors.
First Round Capital
First Round Capital is a venture capital firm that invests in innovative startups, focusing on supporting entrepreneurs and driving significant results through strategic partnerships and capital.
Floodgate
Floodgate is a venture capital firm that evolved from Maples Investments, focusing on a Super Angel investing model to support innovative entrepreneurs and startups.
What's next for ModCloth?
With substantial enterprise-level backing and a recent strategic investment, ModCloth is poised for accelerated growth. The company's focus on its core demographic and its unique product offering, combined with this infusion of capital, suggests a strategic push into expanding its market reach, enhancing its digital platform, and potentially exploring new product categories. The ongoing investment indicates confidence in ModCloth's business model and its ability to navigate the competitive fashion e-commerce space.
See full ModCloth company page
