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Ssense Raises Money from Sequoia at $4.1 Billion Valuation, Eyes Chinese Market

BoF can reveal the funding marks the first-ever external investment for the Montreal-based luxury e-commerce company, known for its curated selection of brands, ambitious editorial strategy and younger audience.

Ssense co-founders Bassel Atallah, Firas Atallah, Rami Atallah. Ssense — Ssense co-founders Bassel Atallah, Firas Atallah, Rami Atallah. Ssense (ROYAL PHOTO location@royalphoto.com)

By

Chantal Fernandez

08 June 2021

Ssense said Tuesday that Sequoia Capital China has taken a minority investment in the company, valuing it at over 5 billion Canadian dollars ($4.1 billion), to fund a global expansion. It marks the first-ever external investment for the Montreal-based company, founded by chief executive officer Rami Atallah with his brothers, chief financial officer Firas Atallah and chief operating officer Bassel Atallah, in 2003.

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