D’Amelio Brands, a Los Angeles, CA-based a new venture and cross-platform company, received a $5M strategic investment from Fifth Growth Fund.
The company intends to use the funds for expansion into the Food & Beverage sector, with the imminent launch of D’Amelio Foods.
As part of this strategic partnership, FGF partner Royce Wilson will join the Board of Directors at D’Amelio Brands. Simultaneously, D’Amelio Brands will work closely with Trusted Influence, a company that has partnered with D’Amelio Brands and FGF in this endeavor, playing an integral role in developing the brand, sourcing, and brokering strategic retail deals for nationwide distribution.
The announcement of D’Amelio Foods follows the company’s first brand venture, D’Amelio Footwear, which debuted in May 2023. D’Amelio Footwear’s collection features a range of styles, including boots, platform slides, sneakers, pumps, sandals and more, designed with style, comfort, and quality in mind.
D’Amelio Foods will offer an array of snacks, with the first product hitting shelves nationwide this fall.
Led by Marc D’Amelio, CEO, D’Amelio Brands aims to create authentic and accessible products across a variety of industries, from fashion, beauty to CPG and lifestyle, and bring it under one roof. .
In September 2022, D’Amelio Brands announced a $6M seed round from an accomplished group of diverse investors and business advisors, including:
- Co-Founder, serial entrepreneur, and operator Richard Rosenblatt
- Internet entrepreneur and business executive Michael Rubin
- Developer and e-commerce entrepreneur Elena Silenok
- Apple’s Senior Vice President of Services Eddy Cue
- Chief Executive Officer of Lions Gate Entertainment Jon Feltheimer
- Emmy and Golden Globe Award-winning media entrepreneur and visionary producer Ben Silverman
- Award-winning entrepreneur and beverage industry veteran Lance Collins
- United Talent Agency (UTA)
FinSMEs
17/08/2023