Austin, Texas-based men’s clothing company Criquet Shirts has raised $1.4 million in Series A funding. CircleUp led the round.
AUSTIN, TEXAS, September 1, 2016 – Criquet Shirts, the men’s clothing company offering fresh takes on classic styles, today announces the closing of a $1.4 million Series A funding round led by CircleUp, the largest investment marketplace for consumer brands, through its Consumer Growth Fund and Market Index Fund II. Private investors also participated in the round.
“We’ve found the perfect partner in CircleUp,” said Hobson Brown, Criquet Shirts co-founder. “Their laser focus on up-and-coming consumer goods and innovative approach to venture capital provides us with valuable expertise and the resources we need to continue growing, be it through production or marketing and everything in between.”
The company plans to use the funds to expand its clothing line to include new takes on beloved classics, hire more employees and market to the masses who agree that the clubhouse is about camaraderie, not competition.
“Criquet Shirts has differentiated itself from other men’s retailers by focusing on reviving classic styles, with a commitment to comfort and sustainability,” said Asher Hochberg, CircleUp’s Head of Corporate Development. “At CircleUp, we use an immense amount of data to comprehensively evaluate early-stage consumer businesses, leading us to accept less than 5 percent of applicants. Criquet Shirts is an excellent addition to our carefully selected family of brands.”
Criquet Shirts has sold more than 100,000 polos, helping men everywhere overcome common polo shirts ailments like the dreaded “bacon collar” and “shiny shirt syndrome”. Their fresh and sometimes irreverent take on country club staples has received praise from the likes of Vanity Fair, Esquire, and Playboy.
“Inspired by vintage shirts of past generations, we set out to make a modern polo with timeless style,” added Brown. “I believe we accomplished that goal and we’re ready to find new ways to keep our customers looking sharp and ready to relax at the clink of a glass.”
The company raised $705,000 from angel investors in 2013 and 2014 and is headquartered in Austin, Texas.