The funding will allow the Simon Ventures-backed online clothing retailer backed to drive expansion and develop a more physical presence for shoppers.
MeUndies, a US-based underwear retailer backed by the corporate venturing arm of commercial real estate company Simon Property Group, has secured a $40m investment from growth equity firm Provenance.
Founded in 2011, MeUndies sells a range of clothing products for both men and women including underwear, sleepwear and loungewear. It also operates a monthly membership subscription model which provides offers like discounted pricing and flexible delivery options.
A statement from Provenance said the new investment will help MeUndies develop its…
