Ro&Zo | Pembroke
- finnCap advises on fundraising for Ro&Zo
- Transaction completed by all-female founder team and all-female advisers
finnCap Group is delighted to announce it has advised accessible womenswear brand Ro&Zo on its first ever external funding round. Pembroke, the highly regarded consumer focused VCT, has invested £1.5 million in the business.
Ro&Zo, which was founded by Rachel Heather, Rosie Bowden and Zoe de Abreu in February 2021, has achieved outstanding growth despite the obvious economic headwinds. The brand, which is led by CEO Rachel Heather, is sold in 15 John Lewis stores, johnlewis.com and Next online and is stocked on Zalando in Europe.
This round of investment will help Ro&Zo drive its direct to consumer business by raising awareness of its brand, develop its operations capability and scale the business in the UK. As part of this Ro&Zo is looking to launch its first high street store to provide an experience-driven, high quality omnichannel experience and is using data to find the best location suited to its customer profile.
Zuleika Salter, Head of Private Growth Capital of finnCap, commented:
“It’s an incredibly tough market for consumer brands at the moment so to have secured this funding for the team is testament to the strength of the business and a vote of confidence in the founders. It has been a real privilege to work with the phenomenally talented team at Ro&Zo. I look forward to following their success.”
“We are immensely grateful for the hard work and expertise we received from finnCap in securing this fundraise. Zuleika’s knowledge and communication skills were outstanding. It is the first time we have raised external funds so we were heavily reliant on their introductions, all of which were a good fit for Ro&Zo. Zuleika’s guidance through the process was exemplary. We are delighted to have chosen Pembroke as our new shareholders and look forward to a long relationship with them as we continue our growth strategy.”
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