Tala, an activewear brand founded by Grace Beverley, has secured a significant investment to expand into the US market.
- The £5m investment round is led by Pembroke VCT with contributions from Venrex and Active Partners.
- Funds will also be used to explore physical retail opportunities and enhance company infrastructure and team capabilities.
- A previous £4.2m seed funding round in 2021 involved many of the same investors, demonstrating continued confidence in Tala’s potential.
- Key figures express enthusiasm for Tala’s growth and innovation potential within the global athleisure market.
Tala, founded by Grace Beverley, has successfully raised £5m to support its ambitious plans for international expansion, with a pronounced focus on entering the US market. This investment round is spearheaded by Pembroke VCT, a notable supporter of other renowned fashion brands, with additional backing from Venrex and private equity firm Active Partners.
The funds will not only propel Tala’s international market reach but will also allow for exploration into physical retail avenues and the enhancement of the company’s existing infrastructure and team capabilities. This strategic move indicates Tala’s commitment to expanding its market presence and operational efficiency.
Pembroke VCT, who has committed £3m to this funding round, is a well-regarded backer of successful brands like Me+Em and Ro&Zo. Venrex, known for its investments in brands like Smythson and Cefinn, alongside Active Partners, also contributes significantly, reflecting their confidence in Tala’s growth trajectory.
The prior funding round, raising £4.2m in early 2021, already set a strong foundation for Tala’s expansion. The involvement of reputable investors such as Active Partners, Venrex, Pembroke, and Rapha founder Simon Mottram, has reinforced trust in Tala’s business model and innovative approach.
Grace Beverley has articulated that this new funding phase marks an exciting milestone in Tala’s journey, underscoring the support from their customers and the brand’s ongoing efforts to provide innovative, problem-solving fashion solutions. Pembroke CEO Andrew Wolfson also expressed excitement, highlighting the brand’s unique consumer engagement strategy and strong market appeal.
The global athleisure market is viewed as ripe for disruption by youthful, entrepreneurial brands, and both Wolfson and Beverley are optimistic about Tala’s capacity to lead in this space.
The recent £5m investment positions Tala favourably for significant growth and impact in the competitive athleisure market.
