Exciting News: Tala Secures £5M Investment to Drive Growth in US

In a successful funding round, Tala, a renowned activewear label, has secured a substantial £5m investment to propel its expansion into the global arena.

Powered by the financial support from Pembroke VCT, the company is set to venture into the lucrative US market, leveraging its expanding customer base and social media presence overseas.

Besides focusing on the US market penetration, Tala aims to utilize the investment to fortify its operational framework, boost its team’s capabilities, and explore avenues for establishing a physical footprint in retail outlets.

Notably, the brand recently introduced exclusive shop-in-shop concepts within Selfridges’ department stores in various locations across England in May, a significant milestone signifying its growth trajectory.

Founded in May 2019 by Grace Beverley, a former social media influencer turned entrepreneur, Tala has made impressive strides in its first year of trading, achieving impressive sales of £5.2m and sustaining rapid growth momentum.

Expressing her excitement about the new investment influx spearheaded by Pembroke, Beverley highlighted the unwavering support and admiration from customers as Tala diversified its product range and offerings.

She enthused, “I am thrilled for the next phase of our journey and eager to continue revolutionizing the industry with meticulously crafted wardrobe staples and cutting-edge designs created by women, for women.”

Sharing his perspective on the investment, Andrew Wolfson, CEO of Pembroke VCT, lauded Tala’s innovative strategies and strong market resonance. The adept Tala team, under the leadership of Grace Beverley and Morgan Fowles, has demonstrated a remarkable knack for engaging consumers through authentic means, amplifying Tala’s presence while upholding its core ethos.

Wolfson emphasized, “This investment will empower Tala to expedite its expansion, diversify its product portfolio, and cement its standing in the global market. The athleisure sector on a worldwide scale is ripe for a shakeup from vibrant, forward-thinking entrepreneurial brands, with Tala poised to lead the charge.”

Image Source: Wearetala.com