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MMC Ventures injects £1.5 million into online children's wear retailer Alexandalexa

Robin Wauters

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Robin Wauters is the European Editor of tech blog The Next Web and lead editor of Virtualization.com. He was a senior staff writer at TechCrunch until his departure in February 2012. Aside from his professional blogging activities, he’s an entrepreneur, event organizer, occasional board adviser and angel investor but most importantly an all-round startup champion. Wauters lives and works in... → Learn More

Wednesday, December 22nd, 2010
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MMC Ventures has invested £1.5 million (roughly $2.32 million) in AlexandAlexa, a UK-based online retailer for luxury children’s wear, selling premium brands such as Ralph Lauren Kids, Burberry Kids, Little Marc Jacobs and Junior Gaultier.

MMC said in a statement that it is taking a “significant minority stake” in the business.

AlexandAlexa, a family owned business founded in September 2007, projects turnover to reach £40 million by 2014 through international expansion.

Rory Stirling, investment manager at MMC Ventures, will join the company’s board.

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ALEXANDALEXA
MMC Ventures
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  • http://jetlib.com/news/2010/12/22/mmc-ventures-injects-2-32-million-into-online-children%e2%80%99s-wear-retailer-alexandalexa/ MMC Ventures Injects $2.32 Million Into Online Children’s Wear Retailer Alexandalexa | JetLib News

    [...] Read the rest of this entry » [...]

  • David

    interesting write up of MMC on TheFunded.com http://is.gd/jdVm1

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  • http://ohsugar.com.au/2010/12/22/mmc-ventures-injects-2-32-million-into-online-children%e2%80%99s-wear-retailer-alexandalexa/ Oh, Sugar! » MMC Ventures Injects $2.32 Million Into Online Children’s Wear Retailer Alexandalexa

    [...] Read the rest of this entry » [...]

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