Black Tux Suits Up with $10 Million Investment

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Black Tux Suits Up with $10 Million Investment
(Black Tux)

E-commerce site Black Tux has tapped VC funding to make suiting up affordable and easy.

The Santa Monica startup has raised $10 million in a Series A round to scale production and add products. The site wants to quadruple its 10,000-plus suits and tuxedos in inventory and expand into a bigger warehouse in East Los Angeles.

Black Tux will also fully launch in the coming weeks its test tux program, which lets couples uneasy about renting online to try out tuxedos months before the wedding. There are currently no plans to go into women’s clothing.

Co-founders Andrew Blackmon and Patrick Coyne founded Black Tux after they struggled to find quality tuxes to rent for Blackmon’s wedding. The MuckerLab graduate sources wool from Italy and designs its tuxes and suits in house. Prices start at $95.

Blackmon declined to share revenue numbers or how many total rentals Black Tux has processed. The company was profitable before deciding to raise more capital.

“The biggest tux rental place is Men’s Wearhouse,” Blackmon said. “This is really who we’re going after. We’re going after the consumer who has a slightly higher willingness to pay but values the customer experience.”

The round was led by existing investor First Round Capital and included participation from Menlo Ventures and Raine Group. First Round Partner Josh Kopelman will join the startup’s board.

Black Tux has raised $15 million to date.

Staff reporter Melissah Yang can be reached at [email protected]. Follow her on Twitter @MelissahYang for the latest in L.A. tech news.

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