The Bertelsmann-backed clothing brand has raised $15.9m that will go to enhancing its technology, and has now secured $32m in total.
Frank And Oak, a Canada-based clothing brand backed by media group Bertelsmann, closed a C$20m ($15.9m) round today led by pension fund manager Caisse de dépôt et placement du Québec.
Venture capital firm Goodwater Capital and consulting and financing services provider Investissement Québec also took part in the round, alongside unnamed additional institutional and private investors.
Founded in 2012, Frank and Oak designs, produces and sells clothes for men and women across 16 Canadian boutiques and its own e-commerce platform,…
