Trendy Butler announced today the closing of their oversubscribed seed round, raising $1.15 million.
"We had a very strong first year," said Trendy Butler Co-founder & CEO Jeremy Barnett. "In twelve months we went from launch to a multi-million dollar business with over 5,000 monthly subscribers. Our growth continues to be strong on a month over month basis, outpacing first movers and competitors."
"We launched a men's subscription box service at a value that is unmatched by the competition," says Co-founder & President Ali Najafian. "The core DNA of Trendy Butler is a tech-company first, with an output of fashion," Najafian continues. "Our technology will allow men to never have to shop again, yet interact with their wardrobe and carry themselves with confidence in any situation."
The debt round was led by Hong Kong based Capital Union Investments (CUI). Jason Mok, Founder and MD, reiterated that this investment into Trendy Butler is line with other successful investments CUI has made in this sector. San Francisco based venture capital firm SOS Ventures also contributed to the round, and has been an early champion of Trendy Butler's mission. SOSV principle, Sean O'Sullivan met Jeremy and Ali as a judge on a Family Office Association start-up competition panel in July 2015, and saw tremendous potential for Trendy Butler in developing a powerful e-commerce brand.
Other participants in Trendy Butler's seed round include Nevada based ventures group, Global Trust Fund. Managing DirectorRobert Sigler adds, "Trendy Butler is in line with our mission of building value through growing a fellowship of true craftsmen in various industries." Other investors include Family Office Association President and angel investor, G. Ryan Ansin, and the Los Angeles Based start up-fund, Thursday Capital.