China-based custom clothing company Iwode Tailor has closed a CNY 150m ($24.2m) series B round led by Legend Capital, the corporate venturing arm of conglomerate Legend Holdings, China Money Network reported today.
The round also featured IDG Capital Partners, the Chinese venture capital affiliate of media and data company International Data Group that previously invested $10m in Iwode Tailor in 2011.
The company sells custom-made, tailored clothes through a website, and also operates more than 30 offline stores, with its largest presence being in Southern China.