The Black Tux Garners $10,000,000 New Round

  • Feed Type
  • Date
    1/21/2015
  • Company Name
    The Black Tux
  • Mailing Address
    910 Colorado Ave. Santa Monica, CA 90405 USA
  • Company Description
    We partnered directly with one of America’s top suit-makers to create the greatest rental tux ever designed. The old tux shop is offering a worn out tux, with an outdated fit, at a higher cost.
  • Website
    http://www.theblacktux.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $10,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Money from its latest round will be used to expand the company’s inventory of quality tuxedos and suits — all designed in-house. Beyond its line of basic tuxes, The Black Tux will look to expand with a line of velvet tuxes in the fall along with navy suits and a new shawl-collar tux. That’s in addition to its existing line of tuxedos and a grey suit.
  • M&A Terms
  • Venture Investor
  • Venture Investor
  • Venture Investor
  • Venture Investor