Tala has received a £5m investment to drive its US market entry and global expansion.
- The funding was led by Pembroke VCT, supporting Tala’s international growth strategy.
- Tala is also planning to enhance physical retail presence and bolster team capabilities.
- The investment follows a previous £4.2m seed round in early 2021.
- Grace Beverley expresses excitement for Tala’s future industry impact.
Tala, a renowned activewear brand founded by Grace Beverley, has successfully secured a £5m investment, led by Pembroke VCT, to fuel its ambitious international expansion with a distinct focus on the United States market. This significant financial backing underscores the brand’s commitment to amplifying its presence beyond current boundaries.
Pembroke VCT, recognized for its strategic investments in fashion, played a leading role by contributing £3m. Their investment portfolio also includes prominent names such as Me+Em and Ro&Zo. The collaboration with venture capital trust Venrex and private equity firm Active Partners aligns with Tala’s strategic vision.
With this investment, Tala intends to delve into opportunities within physical retail sectors as well as refine its organizational infrastructure, enhancing team capabilities to better serve a growing consumer base.
Notably, this new development builds upon Tala’s previous £4.2m seed funding round in early 2021. Key contributors to this round included Active Partners, Venrex, and Pembroke VCT, alongside Simon Mottram. This continuity in investment reflects sustained confidence in Tala’s market potential and visionary leadership.
Grace Beverley articulated the brand’s excitement, emphasizing the role of customer support in their expanded offerings. She is particularly enthusiastic about the brand’s journey ahead, aspiring to continually disrupt the industry by introducing thought-out wardrobe staples designed for women, by women.
Andrew Wolfson, CEO of Pembroke, reiterated his confidence in Tala’s innovative strategies and market position, highlighting the brand’s adeptness at leveraging organic channels to deepen consumer engagement. He noted that the investment will expedite the brand’s expansion efforts, enrich its product variety, and reinforce its international market standing.
The investment represents a pivotal step in Tala’s journey to revolutionize the global athleisure market.
