UNTUCKit Secures $30 Million
Menswear company UNTUCKit announced the completion of $30 million in financing from Kleiner Perkins Caufield & Byers.
UNTUCKit was founded in 2012 to fill a gap in men’s casual dressing by offering an untucked shirt that fit and looked good. With the success of the untucked shirt, UNTUCKit has expanded its product line to include men’s sweaters, polos, jackets, sweatshirts, performance wear, tees and henleys.
According to the company, it will use the funding to accelerate growth by opening 15 new stores, expanding its women’s line and launching children’s apparel.