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Dayang Group to invest up to $30 million in VC-backed Indochino

  • Region:

    Canada

  • Sector:

    Consumer Services

  • Deal Size:

    $30 million

  • Buy Side Company:

    Dayang Group
  • Sell Side Company:

    Indochino Inc
  • Target Company:

Dayang Group, a global apparel manufacturer, will invest up to $30 million in Indochino, a menswear retailer based in Vancouver. In conjunction with the investment, Indochino signed a five-year alliance agreement with Dayang. Indochino has raised money from Madrona Venture Group, Highland Capital Partners and others. The company allows you to purchase made-to-measure menswear on its website and in physical showrooms. In part, the investment will fund continued product expansion. That means introducing three new suit silhouettes, tripling the options for suit and shirt fabrics and quadrupling suit personalization options.

Tags:

Corp VC,VC Data,Dayang Group,Highland Capital Partners,Madrona Venture Group,Capital Raise