Zachary Prell, a US-based sportswear brand for men, has raised $15m in a series A financing round from strategic investor TAL Group, a Hong Kong-headquartered garment manufacturer. As part of the series A round, Roger Lee, CEO of TAL Group, has joined the company’s Board of Directors. Zachary Prell previously raised seed financing from angel investors.
The funding will be used to accelerate expansion of the brand, its operational infrastructure and its e-commerce platform.
Zachary Prell, the brand’s founder and CEO, launched his company in 2005, coming from a background in finance and venture capital with “an entrepreneurial vision for solving a fashion challenge of his own: to create a modern sport shirt with an updated fit and stylish versatility.”
Zachary Prell said: “We’ve had a long-standing manufacturing partnership with TAL Group and I’m especially pleased to further strengthen our strategic relationship with this financing. TAL Group has an exceptional knowledge of, and experience in, the menswear industry and a unique long-term investment approach that will enable us to build a comprehensive lifestyle brand.”
Roger Lee, TAL Group CEO, said: “We’ve closely monitored Zachary Prell through our multi-year manufacturing relationship and are impressed with the company’s vision for developing a compelling lifestyle brand. With Zachary Prell’s premium department store and specialty store distribution and its profound attention to product quality and fit, we believe the company is well-positioned to become a leader within the overall apparel industry.”