Tech Company Financing Transactions
Modacruz Funding Round
Modacruz, operating out of Istanbul, raised $5 million from Middle East Venture Partners, Hummingbird Ventures and private investors.
Transaction Overview
Company Name
Announced On
6/20/2017
Transaction Type
Venture Equity
Amount
$5,000,000
Round
Series B
Investors
Middle East Venture Partners (Lead Investor) (Walid Mansour)
private investors (Nevzat Aydin)
Proceeds Purpose
The proceeds of the latest round will fund the next phase of user acquisition and further expansion of Modacruz in Turkey. The investment will also be used to grow the company's over three million listed items, which is currently the largest listed inventory of pre-owned women fashion items in Turkey.
Company Information
Company Status
Private & Independent
Industry
Internet & IoT
Mailing Address
Undisclosed
Istanbul, 999999
Turkey
Istanbul, 999999
Turkey
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Modacruz is an online social marketplace that enables women to buy and sell pre-owned luxury fashion items. Users can sign up to the platform to either find and purchase products or to sell their own.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Melis Guctas
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