Tala, the sustainable activewear brand based in the UK, has raised £4.2 million in seed funding.
The funding round was jointly led by equity firm Active Partners and venture capital company Venrex. Other investors include the likes of Pembroke VCT and Simon Mottram, Founder Rapha (a sportswear brand), amongst many others.
Jason Mahendran, Investor, Active Partners, will also be joining Tala’s board.
Tala, reportedly, plans to utilise the funds to ensure its activewear forays into the mainstream –by investing in inventory, hiring as well as global expansion.
Grace Beverley, CEO and founder, Tala said “There are so many people doing amazing things in the sustainable activewear market, but no-one is combining that with our price point (retail prices range from £32 for a sports bra to £129 for a long puffer jacket).
She also added that in terms of product, Tala will be using some of the investment to buy deeper into popular styles.
Notably, Tala, which makes clothes in Vietnam, China, Turkey and Portugal, lists down every factory it uses on its website. It offers high-performance and sustainable activewear, including leggings, shorts, sports bras, tops, hoodies, tracksuits, outerwear and underwear.
