DALLAS, TX--(Marketwire - Jun 9, 2011) - J. Hilburn, the fastest-growing luxury men's brand in the US, today announced it has closed $5 million in new financing led by Bridgescale Partners with participation from prior investor Battery Ventures. J. Hilburn will focus this latest round of funding to expand interactive technologies, product development and to grow its base of more than 1,000 personal style advisors nationwide.
J. Hilburn today also announced the launch of a new Tailored Suiting Collection, made-to-order in Europe and handcrafted using luxury Italian wools. The collection offers a personalized fit, individual styling and unrivaled quality. Beyond suiting, J. Hilburn offers handcrafted custom dress shirts and trousers as well as ready-to-wear items like cashmere sweaters, polos and fine accessories, available online or from a local style advisor. In 2010, J. Hilburn sold 60,000 luxury dress shirts, more than any other custom clothing maker in the world.
"We are on a mission to redefine what men expect from a luxury brand, and our growth validates that we're on to something," said Hil Davis, CEO, J. Hilburn. "Our revenue has grown two and a half times year over year and we've added 10,000 customers in the last six months. This investment provides additional fuel for our continued growth."
"J. Hilburn's approach, which combines a direct sales model, high-quality products and a sophisticated e-commerce plan, makes it not only unique, but also a compelling investment," said Matthew Cowan, Managing Director of Bridgescale. "Based on this powerful mix of old and new distribution models we believe J. Hilburn is poised for continued, exponential growth and on its way to becoming a billion dollar global brand."
About J. Hilburn
J. Hilburn is a luxury men's brand that delivers custom apparel made from the world's finest materials at off-the-rack prices. Our clothes are made from the finest Italian fabric and hand constructed for every customer. The J. Hilburn experience is unlike any retail experience in the world in terms of quality, service and value. Our network of more than 1,000 trusted personal style advisors across the country serve as style concierges for every customer, ensuring the highest quality of service, customized fit and personal attention. J. Hilburn is disrupting the entire retail industry by compressing its supply chain, delivering high quality custom fit clothing at mass scale and wrapping it with service and personal attention that no other retailer can provide. If you're ready to join the revolution, go to www.jhilburn.com to learn more.
About Bridgescale Partners
Bridgescale Partners is a Menlo Park, California based growth equity firm providing expansion capital to U.S. and Canada-based, later-stage technology companies. The investment team has more than 50+ years of venture capital experience investing in early- and later-stage technology companies. Additionally, the team has invested in more than 100 technology companies in the software, security, digital media, Internet, and communication markets. For more information, please visit www.bridgescale.com.