What is ModCloth?
ModCloth is a digitally native lifestyle brand dedicated to inspiring personal style and empowering women. Founded in 2002, the company offers a distinctive assortment of vintage-inspired apparel in a comprehensive size range (XXS-4X) at accessible price points. With operations in Los Angeles and Pittsburgh, ModCloth has established itself as a key player in the fashion retail sector, focusing on inclusivity and value. The brand's commitment to helping individuals feel confident in their personal style is a cornerstone of its market approach.
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 Great Oaks Venture Capital, First Round Capital, and Innovation Works
Series A (2009): $2.1M led by Maples Investments and First Round Capital
Series B (2010): $19.8M supported by Accel Partners, Floodgate, and First Round Capital
Series C (2012): $25M featuring Floodgate, First Round Capital, Norwest Venture Partners, and Accel Partners
Other Financing Round (2012): $2.5M backed by Norwest Venture Partners
Private Equity (2015): $15M, investors not publicly disclosed
Key Investors in ModCloth
Great Oaks Venture Capital
Great Oaks Venture Capital is an early-stage investment firm that supports founders building transformative companies across Pre-Seed, Seed, and Series A rounds. They focus on solving meaningful problems and leverage specialized knowledge in software, healthcare, financial services, marketplaces, and enterprise solutions.
First Round Capital
First Round Capital is a venture capital firm that invests in innovative startups, focusing on supporting entrepreneurs and driving significant results. Their portfolio spans finance, technology, and consumer services, aiming to create value in the market.
Norwest Venture Partners
Norwest Venture Partners is a global, multi-stage venture capital and growth equity investment firm founded in 1961, with headquarters in Palo Alto, California, and offices in India and Israel.
What's next for ModCloth?
The substantial capital raised by ModCloth throughout its funding history suggests a strategic focus on scaling operations, expanding its product lines, and enhancing its digital platform. The consistent backing from prominent venture capital firms indicates confidence in the company's business model and its potential for continued market penetration. Future growth is likely to involve further innovation in e-commerce, potential international expansion, and continued emphasis on its unique brand identity within the competitive fashion industry.
See full ModCloth company page
