Indochino Raises $13 Million Series B to Invest in Growth of Custom Online Menswear

Indochino Raises $13 Million Series B to Invest in Growth of Custom Online 
New Investor Highland Consumer Fund Leads Round, Founder of Staples and Retail 
Pioneer, Tom Stemberg, Joins the Board 
VANCOUVER, March 21, 2013 /CNW/ - Indochino, the leader in custom online 
menswear today announced it has raised $13 million in a series B round of 
financing led by the Highland Consumer Fund with participation by existing 
investors Madrona Venture Group, Acton Capital Partners, and Jeff Mallett, 
Indochino Chairman and former president and COO of Yahoo!. Indochino's online 
custom menswear service brings together the speed of online shopping with the 
artistry of hand made clothing. By cutting out the usual middlemen, Indochino 
has built a simple, more efficient process that result in higher quality goods 
at a reasonable price. The Series B funding enables the company to continue to 
build a world class management and operations team and invest in marketing and 
product development. As part of the investment, Tom Stemberg of the Highland 
Consumer Fund will join the board. 
"Most men need all the help they can get when shopping for their own 
wardrobe," says Tom Stemberg, Managing General Partner of Highland Consumer 
Fund. "By providing higher quality custom menswear at a lower cost, Indochino 
has revolutionized the direct-to-consumer business and become a global 
presence in custom menswear." Tom brings a wealth of experience to Indochino. 
He founded Staples and served as CEO for 16 years, overseeing both retail and 
ecommerce expansion and currently sits on the board of a broad set of 
retailers from lululemon athletica to PetSmart. 
"Over the past several years we have seen incredible growth in the world of 
online to offline fashion," said Kyle Vucko, CEO and co-founder, Indochino. 
"Consumers are accustomed to the convenience of online shopping, but want 
something more personal. This funding will help us expand our marketing 
programs and create new styles that keep our customers coming back again and 
again. We are excited to partner with the Highland Consumer Fund and leverage 
their deep experience in both online and offline retail." 
Indochino is coming off of a successful year of building the company and 
expanding marketing operations. Earlier this year, ecommerce and customer 
experience executive, Sarah Velt Wallis joined Indochino as COO. Wallis most 
recently built the successful direct to consumer business at cosmetics 
retailer Bare Escentuals and has more than a decade of experience in creating 
successful consumer ecommerce businesses. 
In tandem with the new financing, Indochino is opening a pop up Traveling 
Tailor store in the heart of Boston's chic shopping area.  Buyers are measured 
and styled in-person by Indochino's fit-specialists and stylists to create 
their ideal look.  The Boston shop is located near the corner of Newbury and 
Clarendon at 234 Clarendon Street, and will be open daily from March 22(nd) 
through April 15(th). Please visit to book an 
About Indochino Indochino is the pioneer and global leader in online custom 
menswear, making fashion accessible for every man. Indochino lets any man 
regardless of size, budget or location measure customize and order a high 
fashion, made to order and affordable suit in as little as 10 minutes. 
Co-founded in 2007 by Kyle Vucko, CEO, and Heikal Gani, chief creative 
officer, Indochino offers an ever-changing assortment of both classic and 
fashion-forward suits, shirts, and outerwear- all with an unparalleled number 
of customization options. The company is headquartered in Vancouver, BC. To 
learn more about Indochino, visit To receive updates on 
Indochino's latest collections and style services, join Indochino on Facebook 
at or follow Indochino on Twitter at 
About Highland Consumer Fund The Highland Consumer Fund specializes in retail, 
services and consumer products investment opportunities in growth-focused 
companies with proven business models operating in attractive markets.  The 
Fund brings together an investment team with extensive experience founding, 
growing, operating and investing in successful consumer companies.  It also 
offers companies a unique value proposition through the hands-on guidance and 
active involvement of its consumer domain experts.  The Highland Consumer Fund 
has invested in and worked to create such firms as City Sports, DavidsTea, 
J.McLaughlin, Pharmaca Integrative Pharmacy and Pinkberry.  For more 
information, visit Highland's web site at 
Michael Macintyre, Indochino,, +1-604-568-1574 
SOURCE: Highland Consumer Fund 
To view this news release in HTML formatting, please use the following URL: 
CO: Highland Consumer Fund
ST: British Columbia
-0- Mar/21/2013 11:30 GMT
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