Product Reports Resources Pricing Login Book a demo
COMPANY PROFILE

The Modist

Explore full profile

Online women's fashion retailer

Dubai, United Arab EmiratesFounded 2017Fashion
Valuation $50–100M Last recorded · 2018
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for The Modist and the history behind them.

About The Modist

The Modist was a Dubai-based e-commerce platform that specialized in luxury modest fashion. Founded in March 2017 by Ghizlan Guenez, the company aimed to serve a global clientele of women who choose to dress modestly for a variety of reasons, including religious, cultural, or personal preferences. The launch, strategically timed on International Women's Day, underscored the brand's mission to empower women's freedom of choice in fashion.

Ghizlan Guenez, an Algerian entrepreneur with a background in private equity, identified a significant gap in the luxury market from her own frustrations with finding high-end, fashionable, yet modest clothing. Having spent over a decade at The Abraaj Group focusing on emerging markets, she possessed a deep understanding of global brand development which she applied to The Modist. Her vision was to create a curated, high-fashion destination that would cater to this underserved market, moving beyond stereotypes to celebrate a diverse, global community of women.

The business operated as a direct-to-consumer online retailer, shipping to over 120 countries from its operational hubs in Dubai and London. Its revenue model was based on the sale of designer apparel and accessories. The platform featured a curated selection from over 180 luxury brands like Marni and Christopher Kane, alongside its own in-house label, Layeur, which was introduced to further address specific needs of its clientele. To enhance the customer experience, The Modist combined its retail offerings with rich editorial content through an online magazine called 'The Mod', providing styling inspiration and celebrating its community. The company successfully raised over $15 million in funding from investors including London-based Vaultier7, luxury retailer Chalhoub Group, and the online fashion platform Farfetch.

Despite its promising start and strong brand recognition, The Modist ceased operations in April 2020. The company cited the global economic crisis as the primary reason for its closure, stating that the situation left the young business too vulnerable to continue. Reports suggest the company was facing financial difficulties and struggling to close a Series B funding round even before the crisis hit. Although the original e-commerce site shut down, the founder announced a potential return for the brand in 2022, exploring new avenues to engage its community.

Source: Dealroom company data

At a glance

Status
Closed
Founded
2017
Headquarters
Dubai, United Arab Emirates
Employees
20
Open positions
None listed
Dealroom signal
0.0/100
Industry
Fashion
Sector
Fashion, Luxury, Shoes, Woman Founder
Client focus
b2c

Funding history

3 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SEEDEquity / VC Mar 2022 $0 — Undisclosed —
EARLY VC✓Equity / VC Mar 2019 $0 — Farfetch —
Showing the latest 2 of 3 recorded eventsBook a demo for the full funding history →

Growth signals

The Modist website traffic

Latest recorded traffic for The Modist is 2.1K monthly website visits, up 346.8% over the last three months. The Modist's team grew 53.8% over the past year.

Latest monthly visits2.1K 3-month web change+346.8% 1-year team growth+53.8%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

Company identity and context are open; selected comparison metrics preview what is available on the platform.

Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

2 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A2 investors entered at this stage

  • Vaultier7
  • Farfetch
Team profiled 6 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 3 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
3 countries with
team presence
🇩🇪 Germany33.3%
🇬🇧 United Kingdom33.3%
🏳️ Kyrgyzstan33.3%
3 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about The Modist on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

See The Modist’s full profile on Dealroom

Request a free trial to see the complete deal history, financials, people graph and growth signals.

Takes under a minute. Already use Dealroom? Log in.