A second wave of attacks began midday Friday after much of the eastern United States was affected in the morning. Sites affected included Etsy, ...
First Round Capital and Floodgate Fund LP led the apparel retailers’s initial funding round.
ModCloth, a web-only retailer of apparel, has received $19.8 million in venture capital in an initial round of funding by First Round Capital and Floodgate Fund LP.
Pittsburgh-based ModCloth expects to raise another $12.8 million for a total of more than $32 million, according to a filing with the U.S. Securities and Exchange Commission.
ModCloth, which specializes in selling retro and indie style clothing, is owned and operated by the husband-and-wife team of Eric Koger and Susan Gregg Koger. They launched ModCloth.com after Susan, at the age of 17, developed an interest in selling vintage-style apparel.
The retailer has more than 130 employees in the U.S. and attracts close to 2 million shoppers each month to ModCloth.com, according to the retailer.
One of the retailer’s financial backers, First Round Capital managing partner Josh Kopelman, has been involved in Internet start-ups for more than a decade. In 1999, he founded Half.com, a seller of used books, movies and music recordings, which he sold to eBay Inc. in 2000.