Novel Group-backed lingerie manufacturer ThirdLove has closed a $55m funding round after investors including L Catterton pre-emptively approached the company about investing.
ThirdLove, a US-based lingerie brand backed by telecommunications company Novel Group, closed a $55m funding round yesterday backed by L Catterton, the private equity firm co-founded by luxury consumer goods conglomerate LVMH.
Investment bank Allen & Company, Felicis Ventures, Valor Equity and assorted angel investors also backed the round. ThirdLove had not sought to raise capital but was pre-emptively approached by L Catterton and Allen & Company about wanting to invest.
ThirdLove has developed a mobile app to help women…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
