Raking it in: Reese Witherspoon just raised $10 million in funding for her newly launched clothing, accessories, and lifestyle line, Draper James. Witherspoon announced the Series B round of funding at the end of last week, sharing that Forerunner Ventures led the pack. “This strategic investment provides Draper James with meaningful capital to allow for the continued direct-to-consumer build out, launch, and expansion of the retail and wholesale business, the ability to pursue a disciplined licensing rollout and offer more products in apparel, accessories and home décor,” Witherspoon’s co-founder Seth Rodsky said in the statement. [Fortune]
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