Total amount raised
$372 Million
Latest funding date
11/1/2021
Location
TALA has raised funding over two rounds, with the latest being a Venture - Series Unknown round. The company is backed by six investors, including Venrex and Pembroke VCT.
Keep reading to explore the intricacies of TALA's fundraising journey and the investors backing this innovative platform.
What Is TALA?
TALA is a private company based in London, England, specializing in sustainable activewear and athleisure styles. Founded by Grace Beverley, the company aims to provide stylish and eco-friendly options for various activities, from yoga to running.
Operating in the fashion, retail, sporting goods, and textiles industries, TALA has an employee count ranging from 11 to 50. The brand is highly praised for its quality, comfort, and inclusivity in sizing, making it a sought-after choice for consumers looking for sustainable fashion options.
How Much Funding Has TALA Raised?
- Series Unknown
- Amount Raised: $6,500,000
- Date: July 2024
- Lead Investors: Pembroke VCT
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product lines and enhance marketing efforts.
- Seed
- Amount Raised: $5,700,000
- Date: February 2022
- Lead Investors: Active Partners, Venrex
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To invest in inventory, hiring, and international growth.
Total Amount Raised: $12,200,000. Current Valuation: Not publicly disclosed.
Key Investors
- Pembroke VCT
- Details: Pembroke VCT is a venture capital trust that invests in growth-stage companies. They participated in TALA's funding rounds.
- Investment Focus Areas: Consumer brands, technology, healthcare
- Notable Investments: Not publicly disclosed
- Active Partners
- Details: Active Partners is a private equity firm that invests in consumer brands. They co-led TALA's seed funding round.
- Investment Focus Areas: Retail, food and beverage, lifestyle
- Notable Investments: Leon, Soho House, Rapha
- Venrex
- Details: Venrex is a venture capital firm that invests in early-stage companies. They co-led TALA's seed funding round.
- Investment Focus Areas: Fashion, technology, consumer products
- Notable Investments: Not publicly disclosed
- Nicola Kilner
- Details: Nicola Kilner is the CEO & Founder of Deciem, a notable company in the beauty industry. She is one of the angel investors in TALA.
- Investment Focus Areas: Beauty, wellness
- Notable Investments: Deciem
- Michelle Kennedy
- Details: Michelle Kennedy is the CEO & Founder of Peanut, a social networking app for mothers. She is one of the angel investors in TALA.
- Investment Focus Areas: Technology, social networking
- Notable Investments: Peanut
What's Next for TALA?
As TALA looks to the future, the opportunities are vast. The company aims to bring its sustainable activewear into the mainstream, tapping into a global market expected to be worth nearly $547 billion by 2024. This expansion will involve investing in inventory, hiring new talent, and growing its international presence. The significant financial backing from recent funding rounds positions TALA well to capitalize on these opportunities.
Future fundraising efforts seem likely as TALA continues to scale. The involvement of notable investors and the successful oversubscribed funding round suggest that additional investment rounds could support further growth and international expansion. However, TALA will face challenges such as competition from established brands, maintaining sustainable practices while scaling, and managing international logistics.
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