"We're very proud to announce our funding round with investments from Lightspeed and Accel," said Andy Dunn, Founder and CEO of Bonobos. "With Lightspeed, we were especially impressed with Jeremy's knowledge and understanding of the potential for online men's retail to take off. He even wore our very own turquoise cords to our first meeting, which was the venture capital equivalent of ‘you had me at hello.' Sameer brings great experience from the board of Diapers.com, and Accel has a powerhouse portfolio in consumer technology across Facebook, ModCloth, Groupon, and Etsy. We're thrilled to add Sameer and his partners' passion and forward-thinking in technology-enabled merchandising. We couldn't ask for more ideal partners."

"I'm very excited about our investment in Bonobos," said Jeremy Liew, Lightspeed Venture Partners. "We believe that they are the leading pure-play vertically-integrated men's apparel e-tailer, and are well-positioned well-capitalized to expand on their leadership position."

"We've closely monitored Bonobos and are impressed with their vision for vertical web retail," noted Sameer Gandhi, Accel Partners. "Andy is a savvy entrepreneur, and we are confident he and his team can become one of the leading innovators in the overall apparel retail business."

Bonobos was started in 2007 as a "better-fitting pants over the internet" company on the campus of Stanford's Graduate School of Business. Over the past three years, the company has grown exponentially in their New York City headquarters and expanded their product portfolio to a full men's closet solution including suits, button-down shirts, a full line of casual wear and a host of curated brands.

"In the past six months, we have tripled the business by focusing everyday on what got us started: fit and service. With this investment, we'll continue to build our global customer base for many years to come," added Dunn.
For more information, please visit www.bonobos.com.