One of the more interesting stories from the past few weeks is Indochino.com raising $13 million in a second round of funding. Indochino is an online menswear retailer, best known for custom suits, that was founded by two graduates of the University of Victoria, Kyle Vucko (CEO) and Heikal Gani (CEO).
Founded in 2007, Indochino now has 55 employees in Vancouver and Shanghai, China. That’s steady growth after raising $4 million in funding in 2011.
Coming up with a business idea is one thing, mastering the technology is a second but these young entrepreneurs (they have the former president and COO of Yahoo on their board) are ensuring their young business is well funded to help maintain the growth.