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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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work