Modasuite Raises Seed Financing from Real Ventures, Anges Quebec Investors and Bolidea

by NextMontreal on April 27, 2011

ModasuiteModasuite (a company we’ve covered before) has just announced that it has received funding from Real Ventures, Anges Quebec investors and Bolidea. This is a seed round. The amount was not announced. Mark MacLeod from Real Ventures and Martin-Luc Archambault from Anges Quebec & Bolidea will be joining Modasuite’s board.

Modasuite is a vertically integrated online retailer of personalized and made-to-fit menswear.

“We are extremely happy to begin our working relationship with Real Ventures, Anges Quebec and Bolidea,” said Yifeng Song, CEO and co-founder of Modasuite. “We believe that Real Ventures’ experience with e-commerce will provide us with great insight both from a customer experience and operational standpoint. In addition, Mark’s CFO experience will bring in-depth knowledge of consumer-centric services and a laser sharp focus on achieving the right growth metrics. Our current number one focus is to get clients to try our service and with Martin-Luc’s experience in online customer acquisition we are well positioned to achieve our exponential growth objectives.”

The company was founded in late 2009 by Yifeng Song and Hicham Ratnani. They launched in early 2010.

Thanks to the Modasuite team we can offer folks a 20% discount through an exclusive promo code for NextMontreal readers: GONEXTMTL. It’s valid until next Friday, and can be redeemed at checkout on www.modasuite.com.