DAGNE DOVER RAISES $1.3M IN SEED ROUND: Functional handbag startup Dagne Dover has raised nearly $1.3 million in a seed round of financing.

Founded two years ago by Melissa Mash, the firm seeks to provide what it calls practical luxury for working women — currently tote bags with an organizational system built into them for storage of keys, a laptop, wallet, water bottle and cell phone.

This story first appeared in the September 9, 2014 issue of WWD.  Subscribe Today.

Seed funding provided by angels — David Bell (an investor in Warby Parker and Bonobos), David Williams (of 2020 Ventures, whose portfolio includes Rent the Runway, The RealReal, Bow & Drape and Zady) and Fabrice Grinda (an angel investor in more than 150 startups including intimates firm Adore Me) — will help to expand inventory and hire additional staffing.

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