The round will enable medical apparel producer Figs to buy out its earlier investors, which include Crocs, leaving Tulco its only external backer.
Figs, a US-based medical apparel producer backed by footwear brand Crocs, raised $65m from diversified holding company Tulco on Tuesday and will use the capital to buy out existing investors.
Founded in 2013, Figs designs and produces stylish, antimicrobial clothes for use in the medical profession, selling them through its online platform.
The clothes are also stain and wrinkle-resistant and lint free, and Figs uses predictive data analytics, artificial intelligence and machine learning to build customer relationships and assess the…
