The New York-based specialty athletic retailer will take a minority stake in the company, which has now raised $26m since 2013. In conjunction with the investment Lauren B. Peters, Foot Locker Inc.’s Executive Vice President and Chief Financial Officer, will join Carbon38’s Board of Directors.
The company intends to use the funds to accelerate growth.
Led by Katie Warner Johnson, co-founder and CEO, Carbon38 is a women’s luxury active apparel brand featuring fitness and fashion products.
Have a look at their collections here.