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Saturday, April 14, 2012
Men?s Clothing Brand Bonobos Raises $16.4M From Accel; Lands Nordstrom Investment And Retail Deal
Bonobos, a brand that sells men's clothing online, has raised $16.4 million led by retail giant Nordstrom, with Accel Partners and Lightspeed Venture Partners participating. This brings the company's total funding to nearly $40 million. In addition to the funding, Nordstrom will now sell Bonobos clothing at a number of its stores and on Nordstrom.com. The news was originally reported by the New York Times. Bonobos is best known for launching an online site to help men find better-fitting pants. The company debuted in 2007 with their signature pants, and eventually expanded to offer a full menswear line, including dress shirts, suits, shorts, sweaters and more.
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