Industry Newsroom

Wamda Capital Leads Financing Round for Modanisa (CEE and CIS)

MENA-focused venture capital firm Wamda Capital has led a financing round for Turkey-based modest fashion e-commerce site Modanisa. MENA-focused venture capital firm STC Ventures also participated in the round. The company plans to use the new capital to expand further in MENA, Europe and the United States. Financial details of the transaction were not disclosed.