See the original story in Japanese.
Tokyo-based Lifestyle Design, running the LaFabric online store focused on made-to-measure shirts and custom business suits for men, announced on Monday that it has secured a total of 740 million yen (about $6.6 million) from Globis Partners, Nissay Capital and Spiral Ventures Japan (previously known as IMJ Investment Partners Japan) in funding with loans from Japan Finance Corporation. Detailed financial terms have not been disclosed.
Coinciding with the funding, the company appointed their former CFO Kenichiro Mishima as a managing director while adding Globis Capital Partners’ Yuki Watanabe and Nissay Capital’s Kenko Nagai to the management board.
Following the launch of online fashion store back in February of 2014, the company successfully raised 100 million yen from Nissay Capital in 2015. Subsequently they launched a real flagship store in Shibuya back in 2016 while occasionally before that opening pop-up stores here and there. They secured 400 million yen (about $3.5 million) in funding back in January this year, seeing a steady growth these days.
In order to the strengthen direct-to-consumer model, Lifestyle Design will use the funds to improve user experience at both online and offline stores while enriching the lineup of their original fashion products.
Translated by Masaru Ikeda
Edited by “Tex” Pomeroy