Forward Investment Partners, the venture capital fund of Forward Internet Group, is pleased to announce its investment in innovative fashion knitwear brand Wool and the Gang. Forward participated in the $2.8m seed funding round alongside fellow tech investors such as Index Ventures, Wellington Partners, and MMC Ventures.
Nic Brisbourne, Managing Partner, Forward Investment Partners commented: “We’re really excited to be investing in Wool and the Gang. Lisa, Aurelie and Jade make a great team and the community based manufacturing model gives us strong economics and unbridled scope for personalisation and other product enhancements.”
This investment will enable Wool and the Gang to build on its fast-growing reputation for sustainable fashion, which harnesses the power of the internet and the creativity of the maker movement. The brand also launched a new collection made and customised by a community of makers – the Gang Collection – as well as started the expansion of its existing markets in America, UK, Europe and Japan.
Wool and the Gang Wool and the Gang is a global fashion brand that believes in exceptional design that’s Made Unique. Never factory made, each Wool and the Gang item is handcrafted or knitted by The Gang – our team of artisans and makers around the world. Wool and the Gang has made knitting cool, with millions of fans from around the world taking up their knitting needles. Co-founded by Central Saint Martins textile design graduates Jade Harwood and Aurelie Popper in 2008 who previously worked at Alexander McQueen and Balmain, Wool and the Gang’s development, designers and warehouses are located in Dalston, East London – an area increasingly known as a fashion hub, which is also on the fringes of Tech City.
By Lolita A. Alford