Lifestyle firm’s largest funding round to date will support roll-out of new designs and products. London-based technology accessory brand Knomo has raised £1m in a deal led by private equity firm Hattington Capital; a move which sees Hattington Capital partner and former Tesco commercial director Barney Burgess join its board.
Angel investor Martin Braddock also participated in the round and will take up a non-executive position within the company.
Launched in 2004, Knomo creates high-end accessories for tech products and gadgets which are stocked with leading retailers such as John Lewis and Harrods across most of Europe. It operates in 35 countries including the United States, Australia, and South Africa.
Its latest product launch is the Knomad; a portable fold-out organiser which comes with a portable battery pack to help you charge gadgets on the move.
The round, its most significant investment to date, will enable the accessories brand to look at creating new designs and “accelerate” product development, as well supporting the development of its e-commerce platform.
Knomo CEO and co-founder, Howard Harrison, commented: “We’re thrilled to have Burgess and Braddock join us on our journey.
“We plan to develop knomo.com as a curated destination site for distinctive accessories designed for an inspired mobile life, and grow our wholesale business internationally in key locations. We’re excited to have such a stellar group of investors to help take Knomo to the next level.”
New board member Burgess added: “We are very excited to be able to participate in and help develop this business. “Knomo is a unique company creating groundbreaking products for the technology-focused consumers on the move.”
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