Bertelsmann made its second investment in the menswear brand, which has now received $20m since it was founded.
Canada-based menswear brand Frank & Oak secured $15m in series B funding on Thursday from investors including Bertelsmann Digital Media Investments (BDMI), a corporate venturing subsidiary of media company Bertelsmann.
The round was led by Goodwater Capital, and also included Greenoaks Capital, Investment Quebec, Rho Canada Ventures, Real Ventures, Version One Ventures, Lightbank and Lululemon CEO John Currie.
Frank & Oak produces clothing it is targeting at the ‘creative class’ and is using immersive online and in-store marketing to sell…
