Rhone Obtains $5,000,000 Series A Financing Round

  • Feed Type
  • Date
    9/22/2015
  • Company Name
    Rhone
  • Mailing Address
    59 Grove Street New Canaan, CT 06840 USA
  • Company Description
    As a group of busy professionals and passionate athletes, our team became perplexed by the tremendous gap in activewear. Rhone was created to fill that void, speaking directly to how men live, work, and sweat. We wanted clothes that stand up to the test of everyday “transition” times.
  • Website
    http://www.rhone.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $5,000,000
  • Transaction Round
    Series A
  • Proceeds Purposes
    The company intends to use the funds to further product research and development, increase distribution, drive customer acquisition through strategic marketing opportunities, double the headcount, and expand into a 4,000 square foot retail storefront and office in Stamford, CT by early next year.
  • M&A Terms
  • Venture Investor
    Investor
  • Venture Investor
    Investor
  • Venture Investor
    Investor
  • Venture Investor
    Investor
  • Venture Investor
    Undisclosed

Trending on Xconomy