Bonobos raising $100M to expand brick-and-mortar footprint

E-commerce apparel company Bonobos is seeking some $100 million to expand its brick-and-mortar operations, sources told Reuters.

  • Bonobos is working with Citigroup on the new fundraising round, sources said; both firms declined comment, according to the report.

  • Unlike many startups, Bonobos generates a profit and enjoys $150 million in annual sales, raising about $127 million to date from investors including Accel Partners, Lightspeed Venture Partners and Nordstrom. The new round of funding would value Bonobos at about a half a billion dollars.

This is an excerpt from this full article on RetailDive.com.