basico.com, a Brazilian basic apparel brand, raised $500K in funding.
The round was led by Initial Capital (read here the firm’s blog), with participation from Brazilian angel investor Guilherme Soarez.
Led by Co-Founder & CEO is Alexandre (Bio) Veiga, who was previously COO of GlossyBox Brazil, as well as CEO for Central & South Americas at Wimdu, basico.com follows a minimalist and elegant design philosophy and uses organic materials to manufacture T-shirts, polos, tank tops and underwear.
In conjunction with the funding, Daniel Cunha, Initial Capital, will join the company’s Board of Directors.
FinSMEs
16/05/2013