Stance has loaded up on a little more capital thanks to a $30 million series D round, according to a story in the Orange County Business Journal.
The round was lead by Salt Lake City’s Mercato Partners and included returning investors like August Capital, Kleiner Perkins Caufield Byers, Menlo Ventures, Shasta Ventures, and Sherpa Capital.
The financing will enable the socks and underwear manufacturer “to continue its rapid growth and expansion into strategic, direct-to-consumer initiatives,” according to Mercato. . . “A massive market and growth opportunity lies in front of the company as they continue to aggressively attack new products, categories, and sales channels,” Greg Warnock, the investment firm’s managing director and a member of Stance’s board of directors.
And that’s how you sock it away.
[Link: OCBJ]
