Frank & Oak Raises $5 Million for Second Attempt at Men’s Clothing Site

Frank & Oak, an online membership site for men that offers a selection of clothes every month, has raised $5 million. The first round was led by Lightbank, the VC firm started by Groupon co-founders Eric Lefkofsky and Brad Keywell. Other investors include BDM, Rho Ventures Canada and Real Ventures. The business derives from a now-defunct company called Modasuite, which was started two years ago and provided custom clothing for men.