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Wool and the Gang raises USD2.8m from Index, Wellington and MMC

Wool and the Gang has secured funding of USD2.8m 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 funding round was led by Index Ventures and Wellington Partners, together with MMC Ventures and a number of other tech investors. The funding enables Wool and the Gang to develop its Gang Collection and marketplace, as well as expanding its existing markets in the US, UK, Europe and Japan.
 
Wool and the Gang’s vision is to reboot old-style home manufacturing, slashing the time to market for fashion collections from the six to 12 months, which is standard across much of the fashion industry, to just two to four weeks.  Focusing on fashion that is uniquely made and never from a factory, the brand sources all materials for their sustainable qualities.
 
“We’re incredibly excited to have such experienced investors backing our quest to build a worldwide movement around sustainable, fashion that’s made unique and never from a factory,” says Lisa Rodwell, the firm’s chief executive. “Wool and the Gang offers customers the chance to buy fashion in a more transparent way.”
 
Index Ventures co-founder Neil Rimer says: “Lisa and the team have the vision and ability to build a game-changing fashion business, connecting people all over the globe in a way that has never been done before. In a matter of a few years, they have created a powerful brand with influential fans – and that’s down to the imagination and talent of the design team.”
 
Rory Stirling (pictured), partner at MMC Ventures, says: "We believe technology and the internet will continue to change the way fashion is designed, created and delivered. We love Wool and the Gang’s approach to unique and sustainable collections, combined with significantly reduced time to market and the power of a highly engaged community." 

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