April 9, 2009
Battery Ventures Invests in J. Hilburn
Dallas based luxury menís clothes maker, J. Hilburn announced that it received an undisclosed amount of institutional funding led by Battery Ventures.† J. Hilburn is a clothes retailer that custom designs menís dress clothing at an affordable cost.† As an example of J. Hilburnís product line is its dress shirts which sell from $79 to $149 depending of the type of fabric the shirts are made of.† How does J. Hilburn manage to get such high quality menís dress ware at affordable prices?† Simple.† J. Hilburn imports the quality and luxurious fabrics directly from Italy itself and sells it directly to the consumer, eliminating the middle men.† Further more J. Hilburn prides itself in creating a customized tailored garment for its client, which is customized to comfortably fit that client, and with the elimination of the middle man; J. Hilburn is able to sell its product much lower than all the other premium brands of menís dress clothing.† Due to these low prices, J. Hilburn was able to expand outside of Dallas during this past year with more than 300 field representatives and over 7,500 customers.† Furthering J. Hilburnís growth is that the companyís product line is ever growing.
Proceeds of this investment will go to J. Hilburnís expansion into new cities throughout the United States and to enlarge J. Hilburnís online store capabilities along with creating new product lines.† According J. Hilburnís cofounder, Veeral Rathod, nowadays custom tailored dress clothing has always been cost prohibitive, keeping men from getting high quality dress clothing from the prominent retailers.† Today, however, the advances in technology allows J. Hilburn to direct source and direct sell; the tables have turned and rich Italian fabrics and custom fit clothing can now be made available to the professional business men that are not millionaires can now afford the same rich and luxurious clothing worn by the millionaires themselves.† Mr. Rathod further added that J. Hilburn would like to move quickly to meet customer demand and he feels that the company is very fortunate to have an investor of such high caliber as Battery Ventures to help J. Hilburn scale rapidly and intelligently without loosing the personalization that its customers require.
As far as Brian OíMalley, Principal at Battery Ventures, is concerned, J. Hilburn offers high quality custom clothing that traditionally would have otherwise been unaffordable for the average person.† The company has an innovative approach that touches a consumer base that likes the convenience and luxury at affordable cost.†† This is very important in todayís economy which sees a down trend in consumer spending.† People are looking to get more for less and J. Hilburn can deliver that demand.†
Battery Ventures was established in 1983 and is a global vc firm that mainly focuses on technology and innovation worldwide.† Battery Ventures partners with entrepreneurs and management teams who are in the technology field in their various stages of their companyís life.† Battery Ventures offers startup, expansion and growth equity.† Battery also deals with buyouts as well.