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.