Modanisa

Istanbul, Turkey E-commerce Acquired

Turkish e-commerce platform specializing in modest fashion and modest clothing for women, serving 20+ million monthly visitors across 140+ countries in multiple languages.

Acquired

Modanisa has been acquired

Acquired by Re-Pie Asset Management April 3, 2024 $100M

This company is no longer available on our private secondary market.

Overview

Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Founded

2011

Employees

500–650

Total Funding

$25M

5 rounds

Funding

Total raised $25M across 5 rounds

Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Last updated 06-25-2026

Latest Round

Type

Series D

Date

July 6, 2022

Amount

$19.5M

Valuation

Lead Investors

Re-Pie
DateRoundAmount RaisedValuationLead Investors
July 6, 2022 Series D $19.5M Re-Pie
March 2019 Series C extension (EBRD) Not disclosed European Bank for Reconstruction and Development
January 2019 Series C (Goldman Sachs minority) Not disclosed Goldman Sachs

Prominent Investors

Re-Pie Asset Management Wamda Capital Goldman Sachs EBRD

Leadership

  • Kerim Ture

    Founder & CEO

Competitors

Competitor list is illustrative and may be incomplete, stale, or erroneous.

  • ASOS

    UK-based online fashion retailer with global reach, including modest fashion offerings

  • Shein

    Global fast-fashion e-commerce platform with growing modest wear collection

  • Farfetch

    Luxury fashion e-commerce platform with modest fashion brands

  • Mango

    Spanish fashion retailer with modest wear options

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Data collected with AI, which can make mistakes. Please double-check this information.