Atterley Road secures funding from high profile investors
Online fashion retailer Atterley Road has secured Â£2 million in funding from a consortium of investors that includes former Tesco chief executive Sir Terry Leahy, The William Currie Group, Robert Willett, and Artemis.
The funds will be used to expand the brand in the UK and internationally and to drive the growth of the Atterley Road own label.
Established in 2011 by Edward David and Katie Starmer-Smith, Atterley Road generated over £2 million gross sales in its first 12 months, and is achieving sales growth of over 100% year-on-year. The company attracts around 200,000 monthly visits to its website and sells in over 100 countries, with Australia and the US being key markets.
Atterley Road said the consortium of investors would bring a wealth of retail and e-commerce experience which would be critical in accelerating the growth of the business.
Edward David, Atterley Road chief executive, said: “Securing funding from high quality investors, who have the experience and industry knowledge needed to really expand the business, can be challenging so we are delighted to have the William Currie Group, Sir Terry Leahy, Robert Willett and Artemis on board. Their proven experience in retail and ecommerce will be critical to the development of the brand over the next few years, and to have them as investors is a testament to what Atterley Road has achieved since its launch.”
Bill Currie, chairman of the William Currie Group, added: “The team at Atterley Road have built a fantastic brand with great growth potential in a very short period of time. They have the right foundations in place to build a great e-commerce business and we are looking forward to working with them to achieve that.”
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