Two online men’s wear start-ups — Frank & Oak and Mizzen + Main — have received venture capital funding.
Frank & Oak has closed on a Series B funding round of $15 million, led by Goodwater Capital. Additional new investor participants include Greenoaks Capital and Investissement Québec, as well as individual investor John Currie, the chief financial officer of Lululemon Athletica Inc. The company raised $5 million in a Series A round in September 2013, and $1 million in a seed and angel round before that. Prior investors in the early rounds included Rho Canada Ventures; Real Ventures; Version One Ventures; Lightbank, and Bertelsmann Digital Media Investments. Some of those investors, such as Rho Canada and Bertelsmann, also invested in the Series B as well.
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