Tuesday, March 29, 2011

Madrona Backs Indochino

Seattle-based Madrona Venture Group has led a round in a Vancounver, BC-based online retailer of custom menswear, Indochino. According to Indochino, it has raised $4M in a Series A round, led by Madrona and also including Burda Digital Ventures. Indochino provides men's custom suits, custom dressware, slacks, shirts, accessories, and other products. The firm said the funding will go towards technology and product development, expanding its executive team, and for growth. Madrona's Scott Jacobson was involved in the investment. More information »