KEVIN PLANK’S INVESTMENT IN SUITING FIRM: Kevin Plank, the chief executive officer of Under Armour, has made an investment in online bespoke men’s wear firm Knot Standard through his personal investment arm, Sagamore Ventures.
The investment was part of a $2 million round of funding that included Fadi Ghandour, cofouner and director of MENA Ventures. The current round is on top of the $3 million raised previously, bringing the total funding to date at $5 million.
Founded in 2010 by Matthew Mueller, Knot Standard offers handmade suits using 3D imaging to obtain exacting measurements. The etailer is also unusual in that there are physical showrooms in various cities New York City; Dubai; Washington, D.C.; Dallas; Houston and Los Angeles. The new funding round will enable the four-year old firm to expand its showroom locations, as well as online offerings over the next six to 12 months.