Luxury-Socks Startup Stance Raises $50M to Expand Into Underwear
A Southern California startup selling luxury socks has raised backing from private investors to expand into an enticing, but hard-to-win sector: underwear.
Venture Capital Dispatch learned that venture firms August Capital and Kleiner Perkins Caufield & Byers contributed to a $50 million investment in Stance Inc., joining a long list of early celebrity investors including Miami Heat basketball player Dwyane Wade and actor Will Smith and marking the latest example of investor enthusiasm for intimate items....MORE
