Moxsie gets $3.7M for members only shopping site
Online apparel retailer Moxsie has secured $3.7 million of an expected $5.1 million in equity, according to a filing with the SEC. Alloy Ventures participated in the round. The Palo Alto, Calif. company showcases independent fashion designers and donates a portion of its profits to charity. Customers can choose from selected charities, including the Susan G. Komen Foundation and the Sierra Club Foundation, at checkout.
In June, Moxsie launched Moxsie First, a members only platform. Though similar to luxury sample sale sites Gilt and RueLaLa, Moxsie First differs by allowing shoppers to pre-order indie merchandise that is not yet available in stores. Moxsie last raised $1 million in funding in 2008.
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