Tala, an activewear brand, announces a £5m investment for its US market expansion, signalling a new chapter in its growth journey.
- The investment from Pembroke VCT, Venrex, and Active Partners highlights confidence in Tala’s innovative market approach.
- Tala plans to enhance its infrastructure and explore physical retail opportunities with this capital.
- CEO Grace Beverley expresses excitement for the brand’s future, focusing on women-centric product offerings.
- Pembroke CEO, Andrew Wolfson, sees this as an opportunity to strengthen Tala’s position in the global athleisure market.
Tala, a burgeoning activewear brand, has proudly announced securing a £5m investment aimed at driving its expansion into the US market. This financial backing represents a significant milestone in Tala’s growth journey, reflecting the strong market confidence vested in the brand’s innovative approach to athleisure.
The investment round was notably led by Pembroke VCT, known for its previous backing of prominent brands such as Me+Em and Ro&Zo. Alongside Pembroke VCT, the funding consortium included Venrex, a venture capital trust with a broad fashion investment portfolio, and Active Partners, which supports brands like The Fold and Finisterre. This collective investment stake of £3m from Pembroke underscores a solid belief in Tala’s potential.
With the new capital, Tala intends to bolster its company infrastructure and explore potential opportunities in the realm of physical retail. CEO Grace Beverley, a Drapers 30 Under 30 alumna, emphasised, “This new funding round led by Pembroke marks an incredibly exciting milestone in Tala’s growth. The love and support from our customers as we’ve expanded into new categories and solidified our offerings have been nothing short of remarkable.” Her comments resonate with a vision to further disrupt the industry with thoughtfully curated wardrobe essentials engineered specifically for women.
The latest financial boost follows Tala’s earlier seed funding round of £4.2m in 2021, which was co-driven by Active Partners, Venrex, Pembroke, and other key investors. This accumulated trust and support herald a new era of growth and innovation for Tala as it continues to scale its operations and product range.
Andrew Wolfson, CEO of Pembroke VCT, expressed confidence in Tala’s growth trajectory, noting, “Pembroke VCT’s investment in Tala reaffirms our confidence in the brand’s innovative approach and strong market appeal. This investment will enable Tala to accelerate its expansion, enhance its product range, and strengthen its global market position.” With the global athleisure market poised for dynamic shifts, Tala is strategically positioned to lead and innovate among entrepreneurial brands.
Tala is poised to redefine athleisure with strategic investment and a focus on US expansion.
