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

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.