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.


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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald