US-based retailer Nordstrom has led the latest $16.4m round raised by online clothing store Bonobos
Nordstrom led the round, which was joined by venture capital firms Accel Partners and Lightspeed Venture Partners.
Nordstrom said it would sell Bonobos clothing at Nordstrom stores and on its website Nordstrom.com.
Jamie Nordstrom, president of Nordstrom Direct, said: "Bonobos makes great-fitting product and customers are clearly responding to their energetic sense of style. They are a pioneer in leveraging the Internet to build great relationships with their customers, a common focus of both organisations. Our investment with Bonobos will enable Nordstrom to participate in the young company’s phenomenal growth, and we look forward to what we can learn from each other as we build the business together."
Before the latest fundraising the company had raised approximately $42m, based on an estimate from its regulatory filings. In January Bonobos raised $8m of a planned $15m round, according to this SEC filing
In December 2010 the company raised $18.5m of a planned $20m, according to another filing, as well as a $4m round that same month.
In 2009 the company raised $3m, this filing said
While in 2008 the company raised $750,000, another filing said.