Cashmere Brand Naadam Closes $16M Series A Funding

Naadam, a NYC-based luxury cashmere brand, raised $16m in Series A funding.

The round was led by Vanterra Capital with participation from Torch Capital, U-Start Club, Trail Post Ventures, and Plug & Play Ventures.

The company intends to use the funds to invest in marketing, advertising, and brand communication initiatives.

Co-founded and launched by Matthew Scanlan, Diederik Rijsemus and Hadas Saar in 2015, Naadam is a luxury cashmere brand which goes directly to the source and supports supply chain sustainability with non-profit work.
The company deals directly with the herders, and partners with top spinning mills.



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