Tala secures £5 million funding boost as it looks ahead to international expansion
Responsibly made activewear brand Tala has secured a further £5 million in funding as it looks to expand internationally.
Pembroke VCT, who participated in an investment round in the business in 2021, led the funding round with a £3 million investment alongside existing investors Venrex and Active Partners.
Founded by Grace Beverley in 2019 and led by chief executive Morgan Fowles, Tala has seen a tenfold increase in its revenue since the start of its previous funding round three years ago. It has also expanded into new categories like outerwear and shapewear and entered new markets.
Tala said the new investment will be used to support plans for international expansion, with a primary focus on the US.
The company will also be exploring further opportunities to establish a physical retail presence on the UK high street and will also improve its infrastructure and team capabilities.
Beverley said: “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.
“I am incredibly excited for the next stage of our journey and look forward to continuing to disrupt the industry with well-thought-through wardrobe favourites and problem-solving pieces for women, by women.”
Andrew Wolfson, chief executive of Pembroke VCT, added: “Grace Beverley, Morgan Fowles and the team have a unique ability to tap into their consumer base, leveraging organic channels to expand Tala’s presence and reinforce its core values.
“The global athleisure market is ripe for disruption from bold, young entrepreneurial brands, and Tala is well positioned to lead the way.”
