Sequoia Capital has invested ‘multiple millions of dollars’ in Milanoo.com, a China-based online retailer and wholesaler with a “passion for fashion”.
The proceeds of the financing rounds will be used to strengthen Milanoo’s product supply system, optimize its online shopping platform, allow it to lower its prices and to hire more people.
Launched in July of 2008, Milanoo.com says it has managed to consecutively increase its revenue by 600 percent each year that the company has been in business.
Currently, the ecommerce company serves customers with fashion apparel and related products in over 180 countries around the world, in seven languages (including English, Spanish and French).
Sequoia Capital is a venture capital firm founded by Don Valentine in 1972. The Wall Street Journal has called Sequoia Capital “one of the highest-caliber venture firms” and noted that it is “one of Silicon Valley’s most influential venture-capital firms”. It invests between $100,000 and $1 million in seed stage, between $1 million and $10 million in early stage, and between $10 million and $100 million in growth stage. The firm has offices in the U.S., China, India and...
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