Tuesday, December 11, 2018

Jaanuu Snags $15M More For Medical Apparel

El Segundo-based medical apparel brand Jaanuu--formed by former investment banker Shaan Sethi and his sister, Dr. Neela Sethi Young --has snagged $15M more in funding, the company said this week, bring the company's total raised to $25M. The funding was led by JMK Consumer Growth Partners, and also included existing investors, including the Nordstrom family, and new investor David Kessenich, Managing Partner and Co-Founder of healthcare private equity firm Excellere Partners. Jaanuu says it had its biggest month to date in November 2018 and multiple $500,000 revenue days in the last twelve months, the Company is projecting to more than double its sales in 2019. The company says funding will go to its product and fabric development, omnichannel expansion plans, and also for efforts in predictive analytics based marketing and real-time programmatic media buying. More information »