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Kleiner Perkins invests $30 million in online retailer UNTUCKit

UNTUCKit, a retailer focused on men's casual shirts that are designed to be worn untucked, said on Sunday that venture capital firm Kleiner Perkins Caufield & Byers had invested $30 million in the company's first major round of fundraising.

The funding will help UNTUCKit open 15 new U.S. stores and expand into women's and children's apparel. Founded in New York in 2011 as an internet retailer, it started opening physical stores in 2015 as part of a "clicks-to-bricks" strategy.



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