About ModaCruz
ModaCruz was a Retail company based in Istanbul (Turkey) founded in 2014 by Melis Guctas. It operates an online marketplace for women to buy and sell pre-loved fashion products. It operates on a B2C model. ModaCruz has raised $3 million across 3 funding rounds from investors including Middle East Venture Partners, Hummingbird Ventures and Aslanoba Capital. Its chief executive, as recorded, is Melis Guctas. The company is recorded as dissolved. Its focus areas include E-commerce, Fashion and Pre-owned Clothing. Its competitors include Dolap, Gardrops and Poshmall.
Company details
ModaCruz, founded in 2014 in Istanbul, Turkey, focuses on engaging in retail operations, operating online marketplaces, dealing with fashion products, and pre-owned clothing. Operates an online marketplace for women to buy and sell pre-loved fashion products. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
- Headquarters Istanbul, Turkey
- Founders Melis Guctas
- SectorsRetail
- Website modacruz.com
- Social X Facebook
- Total Equity Funding$3M (USD)
in 3 rounds
- Latest Funding Round$2M (USD), Series B
Jun 2017
- InvestorsMiddle East Venture Partners
& 2 more
Apps and channels of ModaCruz
ModaCruz publishes 1 mobile app.
Funding Insights of ModaCruz
ModaCruz has successfully raised a total of $3M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $2 million completed in June 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $3M
- Total Rounds 3
- Last Round Series B — $2M
- Investors Count 3
All 3 funding rounds of ModaCruz with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2017 | $2M | Series B | – | – | |
| Jan 2015 | $1M | Series A | – | – | |
| Aug 2014 | Series A | – | – |
3 investors in total: 3 institutional.
Investors in ModaCruz
ModaCruz has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Middle East Venture Partners, Hummingbird Ventures and Aslanoba Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on early and growth-stage investments | mevp.com | Beirut, Lebanon | ||
Investments in early-stage startups are focused on by Hummingbird Ventures. | hummingbird.vc | London, United Kingdom | ||
Early stage venture capital firm investing in US | aslanobacapital.com | Istanbul, Turkey |
Investor details for ModaCruz
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People of ModaCruz
1 people are tracked at ModaCruz (1 in leadership).
| Name | Role | Group |
|---|---|---|
Melis Guctas | Founder, CEO | Leadership |
Complete people profiles for ModaCruz
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Timeline of ModaCruz
3 dated milestones of ModaCruz across 3 years, from founding to its latest funding, stage changes and deals.
- Founded ModaCruz is founded.
- Funding First funding round.
- Funding Latest funding round, Series B, of $2.0M.
Competitors of ModaCruz
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| dolap.com | 2016 | Istanbul, Turkey | Pre-owned fashion items are traded on an online marketplace platform. | |||
| gardrops.com | 2013 | Kadikoy, Turkey | Online platform for buying and selling used fashion items, accessories, and more. | |||
| poshmall.com.tr | 2021 | Istanbul, Turkey | Online marketplace for second-hand multi-category fashion products. |
Detailed competitors of ModaCruz
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Related news about Modacruz
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Frequently Asked Questions about ModaCruz
ModaCruz was founded in 2014.
ModaCruz is headquartered in Istanbul, Turkey.
Melis Guctas is the CEO of ModaCruz, as recorded in our data. They have also founded this company.
ModaCruz is a funded company, having raised a total of $3M across 3 funding rounds to date.
ModaCruz, founded in 2014 in Istanbul, Turkey, focuses on engaging in retail operations, operating online marketplaces, dealing with fashion products, and pre-owned clothing. Operates an online marketplace for women to buy and sell pre-loved fashion products. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
ModaCruz has 3 investors. Key investors include Middle East Venture Partners, Hummingbird Ventures, and Aslanoba Capital.
Yes. ModaCruz publishes ModaCruz - İkinci El Alışveriş.