UK activewear brand Tala has secured a £ 5 million investment to support its international expansion, particularly targeting the US market, and to open its first standalone store. The additional funding comes from Pembroke VCT, which previously participated in a £ 3 million investment round in 2021, alongside existing investors Venrex and Active Partners.
Since then, Tala has experienced significant growth, with a tenfold increase in revenue, according to its founder, entrepreneur Grace Beverley, and CEO Morgan Fowles. During this period, the brand has expanded into new categories such as outerwear and shapewear, entered new markets, and established new channels, all while remaining profitable.
Beverley said, “This new funding round 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 remarkable. I am incredibly excited for the next stage of our journey and look forward to continuing to disrupt the industry with well-thought-out wardrobe favourites and problem-solving pieces for women, by women.”
The next stage of Tala’s expansion will focus primarily on the US market, driven by significant customer interest and social media traction in the region. Additionally, the funds will be used to explore opportunities for establishing a physical retail presence on the high street and enhancing the company’s infrastructure and team capabilities.
