Wear PACT, LLC, a Boulder, CO-based ethical and organic apparel basics brand, closed its $2m second round of equity financing.
Boulder-based Revelry Brands, an investment firm focused on innovative businesses in the natural foods and consumer products categories, acquired PACT in 2011. Since Revelry’s acquisition in December of 2011, PACT has grown revenue nearly 800% and is projected to grow an additional 80% YOY in 2014.
The additional funding will allow PACT to continue to expand its distribution footprint, invest in new product offerings, and grow its team.
Founded in 2009 and led by CEO Rosanne Palmisano, PACT launched its first product line, organic cotton underwear for men and women, later that year. The company has since expanded its product line to include tops, bottoms and socks for men, women and babies and announced – in March of this year – the launch of a line of organic cotton apparel manufactured in a Fair Trade Certified™ Facility.
It has a design office in San Francisco, CA.
FinSMEs
01/04/2014