By  on December 20, 2010

Men’s online apparel firm Bonobos on Friday said it has secured $18.5 million in a third round of venture capital financing, led by Lightspeed Venture Partners and Accel Partners, along with ongoing participation from angel investors.

Jeremy Liew of Lightspeed and Sameer Gandhi of Accel will join the Bonobos board, according to the online firm. Bonobos also said proceeds will be used for marketing purposes and expanding staffing.

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