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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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik