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Mulberry Closes $22 Million Series B Financing Round To Transform The Product Protection Experience For Shoppers And Retailers

RECENTLY ACQUIREDOct 13, 2021

Amount Raised

$22 Million

Round Type

Series B

New YorkLuxury Goods & Jewelry

Description

Mulberry, the consumer-first product protection platform, today announced that it has closed a $22 million Series B funding round, led by Commerce Ventures and with participation from Hudson Structured Capital Management, Ally Bank, CreditEase, and existing investors.

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Company Information

Company

Mulberry

Location

New York, United States

About

Mulberry England is a British luxury fashion company founded in 1971 in Somerset by Roger Saul and his mother, Joan. The brand is well-known for its high-quality leather goods, particularly women's handbags, which have become iconic in the luxury accessories market. With over 120 stores across 25 countries, Mulberry has established a strong international presence and employs approximately 1,500 people. The company's product range includes luxury leather handbags, such as the famous Bayswater bag, as well as leather accessories, belts, footwear, and small leather goods. Mulberry also offers ready-to-wear collections and home furnishings, reflecting its lifestyle brand positioning. The brand emphasizes craftsmanship and quality, appealing to luxury consumers who appreciate British heritage and timeless design. Mulberry generates a significant portion of its revenue through direct-to-customer channels, focusing on customer experience and brand control.

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Mulberry raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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