CANTON, OH, Society Brands today announced it has raised an additional $25 million of equity.
Society Brands, a tech-enabled consumer products company built for and by founders, today announced it has raised an additional $25 million of equity, most recently having secured $11 million in a funding round led by Gullane Capital, LLC, an investment firm focused on managing and advising pooled investment vehicles consisting of qualified individuals.
Since its initial raise of $205 million, Society Brands has raised an additional $25 million in equity funding bringing the total capital commitment since inception to $230 million. Additional lead investors include Callais Capital, an institutional VC firm in Louisiana, and North Coast Ventures, a Cleveland-based capital partner who invests primarily in early and growth stage companies. The recent equity fundraise will allow Society Brands to continue acquiring e-commerce native brands in a targeted and strategic manner, further the build out of their operating team and infrastructure and provide even more financial strength to the company's balance sheet.
Society Brands is a tech-enabled consumer products company that acquires e-commerce native brands that primarily sell on their own DTC sites and platforms like Amazon, Walmart, and others. Society Brands was built by founders, for founders, providing entrepreneurs meaningful liquidity while at the same time affording them an opportunity to stay on board, build their brand and roll equity into Society Brands' platform.
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