In order to support rapid growth, Evolucion Innovations, Inc., otherwise known as the online business Evogear.com, completed an equity capital offering with private investors. While financial terms of the funding were not disclosed, upon closing of the transaction, Evo received cash proceeds that will be used to fund working capital and refinance its existing balance sheet.


In a brief statement, Evo’s President Atsuko Tamura was optimistic about what the transaction could mean for the company in terms supporting its intended goals. “We are extremely pleased to close this latest round of financing. This significant investment marks an important milestone in Evo's strategic plan, and we will benefit immensely from the additional capital to fund our growing business,” said Atsuko.


The company's product offering includes hard goods and soft goods that appeal to the urban, action sports consumer and are inspired by and for use in skiing, snowboarding, skateboarding, and wakeboarding.
With its company headquarters located in Seattle, WA, Evogear claims to be “one of the fastest growing multi-channel retailers of action sports equipment, apparel, and accessories in North America.” The process was completed with assistance from Evogear’s exclusive financial advisor-Silver Steep Partners.