VC-backed Indochino nets up to $42 mln from China's Dayang
Vancouver-based custom menswear retailer Indochino has secured a strategic investment of up to $42 million from Dayang Group, a Chinese apparel manufacturer. The funding will support the company's North American and global expansion plans and enhance its product offering, Indochino said. Along with the funding, Indochino has signed an agreement with Dayang to increase the company's apparel selection and range of suit personalization options. Indochino reports achieving an average annual growth rate of over 100 percent since its founding in 2007. Its venture capital investors include Acton Capital Partners, Highland Consumer Partners, Madrona Venture Group and Version One Ventures.
9 March 2016•5 mins read
