LOS ANGELES — Nau, the outdoor clothier that aggressively integrated e-commerce with traditional brick-and-mortar stores, said it will shut down operations because of insufficient funding.
The Portland, Ore.-based company said it was unsuccessful in securing money in its fourth round of funding. Since its founding three years ago by Nike and Patagonia veterans, Nau has raised $35 million from private and institutional investors, including hedge funds and private equity firms.
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