Modanisa, an online fashion retailer for conservative Muslim women where we’re investors, recently completed an approximately $2M bridge funding round led by Wamda Capital with participation from existing investor STC Ventures.
As Modanisa continues its fast global growth, Middle Eastern investors like Wamda and STC are valuable partners to better serve the company’s large and growing customer base throughout the Middle East.
Following Volt, Kapgel, and Insider, this also marks the fourth company where we’re fortunate to partner with Wamda.
We welcome Wamda’s new and STC’s follow-up investment in the company, and look forward to the next step’s in Modanisa’s global expansion.
Also published on Medium.