Venture Capital-backed men’s clothing business Bonobos has received repeat investment from all its existing stakeholders in a $55m Series D financing round.
Firms including Accel Partners, Lightspeed Venture Partners and Felicis Ventures all took part in the round, which was led by Coppel Capital.
The company’s bricks and mortar Guideshops allow customers to try on clothes before making assisted purchases for online delivery.
With Bonobos.com serving as a virtual stockroom investment in real estate for these “e-commerce stores” is minimal, with locations ranging up to 1,500 square feet.
Bonobos CEO and founder Andy Dunn said, “Bonobos has doubled each year since launching in 2007 which we attribute to the power of combining great product and great service.
“We’ll continue to offer more individualized choice in product through new fits and styles and are excited about quadrupling our door count to further serve our customers.
“We’re invested in continuing this trajectory and fulfilling our mission to be the most loved clothing company of all time.”
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