Wear Pact LLC (PACT), a Boulder, CO-based ethical and organic apparel basics brand, announced that the company has closed the second round of equity financing with Revelry Brands LLC.
Boulder-based Revelry Brands (Revelry), an investment firm focused on innovative businesses in the natural foods and consumer products categories, acquired PACT in 2011. Since Revelry’s acquisition in December of 2011, PACT has grown revenue nearly 800 percent and is projected to grow an additional 80 percent in 2014. The additional round of funding will allow PACT to continue to expand the company’s distribution footprint, invest in new product offerings and grow the team.
Founded in 2009, PACT launched the company’s first product line, organic cotton underwear for men and women, later that year. The company has since expanded the product line to include tops, bottoms and socks for men, women and babies. PACT, deeply rooted in sustainable and socially responsible practices since inception, announced in March of this year that the company is launching a line of organic cotton apparel manufactured in a Fair Trade Certified Facility.
“We are excited to continue our partnership with Revelry Brands and we’re looking forward to the next stage of growth for the brand,” said CEO Rosanne Palmisano. “With this latest equity investment we believe we can continue to build on PACT’s momentum as a young leader within an evolving apparel market.”
“Revelry Brands continues to see a large, untapped opportunity within apparel basics for an innovative brand that brings transparency and accountability into consumers’ closets,” said Megan Bent, co-founder and managing director of Revelry Brands. “PACT has done a tremendous job building a brand that speaks to these values without sacrificing quality or design. As a result, the company has demonstrated an ability to provide category and thought leadership during this consumer closet renovation. We’re thrilled to further invest in the partnership.”
Founded in 2009, Revelry Brands is led by the former co-founder and CEO of Bear Naked and is advised by a seasoned team of financial stalwarts and LOHAS industry innovators.
PACT is based in Boulder, with a design office in San Francisco.
