Academy Award-winning actress Reese Witherspoon’s clothing and accessories line Draper James is only five months old, but the company has raised a red carpet-worthy round of venture capital funding.
Draper James announced Monday it had raised a $10 million Series B funding led by San Francisco-based venture capital firm Forerunner Ventures, which has a history of investing in fast-growing e-retail startups. Forerunner’s previous investments include Birchbox Inc. (No. 254 in the Internet Retailer 2015 Top 500 Guide), Bonobos (No. 270) and Dollar Shave Club (No. 319), among others.