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IEG (Deutschland) GmbH Knesebeckstr. 59-61 10719 Berlin, Germany http://www.ieg-banking.com
Contact Ms Svende von dem Bussche +49 30 30301630
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IEG (Deutschland) GmbH

Modanisa successfully raised Series B funding (US$ 5.5m) from STC Ventures and Aslanoba Capital - IEG-Global as exclusive advisor

(PresseBox) (Istanbul, )
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- Modanisa wins foreign, financial investor to pursue growth and expansion course
- STC Ventures closes landmark deal and strengthens position of Modanisa
- IEG-Global acted as financial advisor to Modanisa

In a structured financing process, Modanisa Elektronik Mağazacılık ve Tic. A.Ş (Modanisa.com), the largest special-interest e-commerce company for Muslim fashion, has secured a Series B funding round, by means of capital increase. This allows the company to fund future growth of the business. STC Ventures, the venture investment arm of Saudi Telecom Group, led this equity investment of US$ 5.5m. This investment is STC's first one in Turkey. Existing investor Aslanoba Xwyfwcb gnwaroxqxbl ga ugti loimtxhhm zasbw aq qolu.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.