By  on September 4, 2019

A blend of “Olive” and “Vela,” luxury cause-based commerce platform Olivela means growth and wisdom, and now it’s setting sail with $35 million in Series A financing led by Morgan Stanley’s London division, which was announced today.

Founded on a philanthropic business model in 2017, Olivela donates 20 percent of proceeds to charitable causes across the globe with every purchase, stocking more than 300 luxury brands while adding new brands at a pace of 20 per month and more than 15,000 stockkeeping units to date.

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