Total amount raised
$372 Millions
Latest funding date
Location
TALA has successfully raised significant funding over multiple rounds, including a £5,000,000 Series Unknown round and a £4,200,000 Seed round.
Keep reading to explore the intricacies of TALA's fundraising journey and the investors backing this innovative activewear brand.
What Is TALA?
TALA, founded in 2019 by Grace Beverley, is a London-based brand specializing in sustainable activewear and athleisure. The company aims to offer high-performance designs and flattering fits at competitive prices without compromising on sustainability.
With a focus on creating wardrobe staples and on-trend pieces, TALA makes conscious shopping choices accessible for everyone. The brand uses recycled and organic materials in its products, emphasizing its commitment to sustainability.
Currently, TALA employs between 11-50 people, working together to disrupt the industry and demand change in the fashion world.
How Much Funding Has TALA Raised?
- Series A
- Amount Raised: $10M
- Date: September 2015
- Lead Investors: Collaborative Fund, DCVC, Female Founders Fund, India Internet Fund, Lowercase Capital, Nathan Gettings, Thomas Glocer, Vikram Pandit
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and expand product offerings.
- Series B
- Amount Raised: $30M
- Date: February 2017
- Lead Investors: Collaborative Fund, DCVC, Female Founders Fund, IVP, Lowercase Capital, Ribbit Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technology and expand market reach.
- Series C
- Amount Raised: $50M
- Date: April 2018
- Lead Investors: Revolution Growth
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support international expansion and product development.
- Series D
- Amount Raised: $110M
- Date: August 2019
- Lead Investors: Notable Capital, RPS Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and enhance product offerings.
- Series E
- Amount Raised: $14M
- Date: October 2021
- Lead Investors: J. Safra Sarasin, Kindred Ventures, Lowercase Capital, PayPal Ventures, Revolution Growth, Stellar Development Foundation
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further product innovation and market expansion.
- Debt Financing
- Amount Raised: $100M
- Date: August 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational costs and inventory management.
- Debt Financing
- Amount Raised: $15M
- Date: April 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To manage cash flow and operational expenses.
- Debt Financing
- Amount Raised: $40M
- Date: October 2021
- Lead Investors: Victory Park Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth initiatives and financial stability.
Total amount raised: $359M. Current valuation: Not publicly disclosed.
Key Investors
- Active Partners
- Details: Active Partners is a private equity firm that invests in consumer brands with strong growth potential. Jason Mahendran from Active Partners will join TALA's board.
- Investment Focus Areas: Consumer brands, sustainability, lifestyle.
- Notable Investments: Rapha, Soho House, Leon.
- Venrex
- Details: Venrex is a venture capital firm that invests in early-stage companies, particularly in the consumer and technology sectors. They co-led TALA's recent funding round.
- Investment Focus Areas: Early-stage companies, consumer, technology.
- Notable Investments: Charlotte Tilbury, Notonthehighstreet, Revolut.
- Pembroke VCT
- Details: Pembroke VCT is a venture capital trust that invests in smaller, growth-oriented companies in the UK. They participated in TALA's funding round.
- Investment Focus Areas: Consumer, hospitality, technology.
- Notable Investments: Five Guys, Plenish, Troubadour Goods.
- Nicola Kilner (Angel Investor)
- Details: Nicola Kilner is the CEO & Founder of Deciem, a beauty and wellness company. She participated as an angel investor in TALA's funding round.
- Investment Focus Areas: Beauty, wellness, consumer goods.
- Notable Investments: Deciem.
- Michelle Kennedy (Angel Investor)
- Details: Michelle Kennedy is the CEO & Founder of Peanut, a social networking platform for women. She participated as an angel investor in TALA's funding round.
- Investment Focus Areas: Social networking, technology for women.
- Notable Investments: Peanut.
What's Next for TALA?
TALA stands poised to capitalize on the growing demand for sustainable activewear. With a recent £4.2 million funding round, the brand is set to expand its product line, invest in inventory, and hire new staff. The global activewear market, projected to reach $547 billion by 2024, offers a vast opportunity for TALA to grow its market presence both in the UK and internationally.
Future fundraising rounds seem likely as TALA continues to scale its operations and enhance its product offerings. However, the company will need to navigate challenges such as maintaining sustainability while scaling and competing with established brands. Effective management of international logistics and supply chains will be crucial for sustaining growth.
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