Jaanuu Inc., a medical apparel company based in El Segundo, announced Dec. 10 it raised $15 million from investors.
The growth equity financing round was led by New York-based JMK Consumer Growth Partners, which claims to only invest in high-growth consumer brands “with cult-like followings.”
The medical scrubs maker said it will use the capital to speed up product and fabric development, as well as broaden its brand and predictive analytics-based marketing.
Jaanuu was founded five years ago by Dr. Neela Sethi Young and her brother Shaan Sethi, a former private equity investor, with the mission to design a collection of fashion medical workwear based on “looking good and feeling good while doing good.”
Since its launch, the direct-to-consumer apparel company has raised more than $25 million from investors such as Innovation Global Capital and Sipadan Capital, according to Crunchbase.
The latest round included investments from the Nordstrom family and David Kessenich, managing partner of Excellere Partners, a health care private equity firm based in Denver, , according to Jaanuu.
Health business reporter Dana Bartholomew can be reached at email@example.com. Follow him on Twitter @_DanaBart.
Stories You May Also Be Interested In
- Brian Lee, Ron Burkle-backed Medical Apparel Startup Jaanuu Raises $5 Million from Retail Execs
- Scrubs Maker Cleans Up
- Family Fashion
- Jaanuu Launches Scrubs Collection for Men
- So Who Says Med Scrubs Aren’t Sexy?
- Top-Read Stories of the Week
- Radiology Partners Raises $234 Million to Fuel Growth
- Silicon Beach Report April 20: L.A. Seed Funding Falls Sharply in First Quarter