Fashion Investments and M&A

Date: July 2024
Buyer: Pembroke VCT, Venrex, Active Partners
Target: Tala
Business: Activewear
Value: £5million
Details: Female-founded, London-based activewear brand, Tala, has completed a £5million funding round. The round was led by Pembroke VCT, who invested £3.1million, with Venrex and Active Partners acting as co-investors. Pembroke VCT has long been a supporter of the brand, having invested in a previous funding round in 2021, and since then, Tala’s revenue has increased tenfold. Tala was created in 2019 by influencer Grace Beverley. The investment will help Tala with its planned launch into the US market, as well as establishing brick and mortar retail opportunities in the UK, following an initial physical launch in Selfridges earlier this year.