US-based online luxury retailer Moda Operandi has secured $60m in a series E round featuring Advance Publications, the parent company of mass media company Condé Nast.
The round was led by financial services firm Fidelity Investments and also included New Enterprise Associates.
Moda Operandi has raised $129.5m to date, including $22m in a series D round in January 2014 that featured Advanced Publications and luxury goods conglomerate LVMH Moët Hennessy Louis Vuitton as well as New Enterprise Associates (NEA), New Atlantic Ventures, Manatt Venture Fund and RRE Ventures.
Sports business IMG backed a series C round in 2012, which raised $36m. Advanced Publications, LVMH, RRE, NEA and New Atlantic Ventures also joined that round.
Moda Operandi enables customers to pre-order designer items currently on runways and curates in-season items. It will use the funding to support growth in Europe, Asia and the Middle East as well as invest in mobile technology, grow its loyalty programme and establish strategic partnerships.