Venture Capital - Thursday, April 23, 2009
Fancy Trousers Maker Bonobos Raises $3M From Angels
NYC-based Bonobos has raised a 2nd round at $3M in angel funding at a $15 million pre-money valuation. Angel backers include Sandwith Ventures. One of the Stubhub founders Colin Evans joined the board.
What the company does that is different is a) sells just pants (although it plans to jump into shorts, swimsuits, and polo shirts next. b) sells online only and c) says its pants fit better.
Since launching in October 2007, Bonobos says it has 8,000 customers and sold more than 20,000 pairs of trousers. In 2008, the company’s first full year, Bonobos did $1.6M in net revenue and got to breakeven. This March, the company says it saw its largest revenue month ever, finishing the first quarter of 2009 up 4.3x over the first quarter of the previous year.
CEO and founder Andy Dunn launched the firm after graduating from Stanford Business.
Care for some pants? Use the CEO's partner code gocubsgo for 15% off your first purchase.
View - site
More Recent Articles
Petra Solar Raises $40M For Utility Pole Panels
Tuesday February 9, 2010
Petra Solar out of South Plainfield, NJ has raised $40M in 2nd-round funding. Craton Equity Partners and Espírito Santo Ventures co-led the round and were joined by return backers Element Partners, Blue Run Ventures, OnPoint Technologies and Kuwait... Full Story
Audio Transcription's 3Play Media Seed Funded
Monday February 8, 2010
Play Media, out of Somerville, MA, has secured $450K of a $600K seed funding round. 3Play works on transcription, captioning, and audio search. Clients pay 3Play to use technology to convert audio recordings to text and then to clean up the errors w... Full Story
Categories
- Venture Capital (288)
- Advertising (451)
- Aircraft (17)
- Alternative Energy (299)
- ASP (39)
- Batteries (10)
- Biometrics (3)
- Biotechnology (9)
- Communications (63)
- Digital Hollywood (18)
- Digital Home (35)
- eCommerce (468)
- Educational Software (31)
- eHealth (31)
- Email Software (7)
- Enterprise Software (260)
- Euro Ventures (129)
- File Sharing (23)
- Financial Software (43)
- Food (3)
- Games (185)
- Hardware (46)
- Homeland Security (7)
- IMterviews (6)
- IPO (42)
- Jobs (49)
- Media (360)
- Nanotechnology (14)
- Networking (95)
- News & Updates (1387)
- Online (17)
- Peripherals (42)
- Photo Software (49)
- Publishing (9)
- RFID (3)
- Robots (15)
- Satellites (8)
- Search (209)
- Security (95)
- Semiconductors (75)
- Social Networking (426)
- Space (1)
- Sponsored Post (11)
- Storage (41)
- Tech stocks (308)
- Telecom Equipment (16)
- Transportation (3)
- Video (234)
- Voice (67)
- Web 2.0 (140)
- Web Development (8)
- Where Are They Now (30)
- Wireless (384)
This is a blatant hijacking of http://www.cordarounds.com/, which was founded many years ago.
Posted by: Eric at May 5, 2009 11:35 PM
Post a comment