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What Moda Operandi Plans to Do With $100 Million Raise

Rivet’s 2021 winter issue has dropped! This in-depth issue examines the steps the global denim industry is taking to minimize its impact on the environment, from implementing zero waste production and design processes to establishing greenhouse gas emissions goals aligned with the Paris Agreement.

It’s a good time to be in digital fashion. On Friday, fashion discovery platform Moda Operandi announced a $100 million investment from a combination of new and existing investors. The news comes just days after Farfetch reported a $250 million windfall, proving the lure of fashion’s online future. The decade-old, New York-based firm, which mingles…

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