The Pittsburgh Business Times reported that ModCloth, a Strip District based online indie clothing company, raised $19.8 million in the largest VC round of 2010. They plan to continue to seek funding until they raise over $30 million in funding.
I am really happy for these guys and there a shining example of what can come out of the Pittsburgh startup community. What started out in a dorm room is now a large company with offices three cities. I can no longer call ModCloth a startup but I am still going to follow these guys closely.
Very quickly they moved from startup, to small business, to an internationally known brand. I think my only concern is that as they gotten bigger, their quality has dropped. Still I don’t think that is enough to stop them from growing even larger. All the girls I know that complain about the quality, still buy over $100 worth of merchandise from them monthly (no joke).
