Drew Brees, investor, is at it again.
The New Orleans Saints quarterback, who before has mostly invested in restaurant businesses, is now investing in UNTUCKit, a clothing line of shirts designed to wear untucked.
UNTUCKit began several years with initial capital of just $150,000 in capital from friends and family. In June 2017, there was an investment of $30 million, led by Kleiner Perkins Caufield & Byers.
The company has seen a compound annual growth rate of over 100% each year that it has been in business. Brees met UNTUCKit founder Chris Riccobono at the 2018 Super Bowl, and eventually wanted to be involved.