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Online Clothing Store myShape Gets $12 Million From Lehman Bros. And Others

Pasadena, CA-based myShape secured a round of funding of $12 million, though the round is still in progress, reports VentureBeat. The investment came from Lehman Brothers Venture Partners, just weeks before its demise, as the firm committed to the contribution in August before filing for bankruptcy in mid-September. Draper Fisher Jurvetson and angel groups Pasadena Angels and Tech Coast Angels contributed to a round myShape hopes will end with $16.5 million. It will use the funding for expansion and marketing purposes. myShape serves as personal shopping store, as it sells clothing that users can search for by their body type.

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