SquadLocker, a leading uniform and custom team gear provider, announced the closing of a $20 million Series C funding round led by late-stage growth company investor ABS Capital Partners.
Existing investors Causeway Media Partners, an investment fund focused on sports technology, and lead investor Jim Lombardi also participated in the financing round. The proceeds will be used to further develop growth initiatives including the expansion of channel partner relationships. As a result of the transaction, ABS Capital general partner Mike Avon will join the board of directors at SquadLocker.
“SquadLocker is poised to continue playing a pivotal role in the custom sports gear, equipment, and apparel industry,” said Founder and CEO Gary Goldberg, a third-generation textile engineer. “We look forward to working with ABS Capital as we continue our rapid growth by delivering our services to more organizations, schools and teams.”
Incorporated in 2015, SquadLocker helps coaches, organizers and administrators design and distribute uniforms, player gear and spirit wear to youth organizations and schools throughout North America. Unique in the sector, SquadLocker offers single unit, custom garments from top athletic brands through an online platform that integrates the e-commerce experience with its wholly-owned manufacturing facility.
“We are excited by SquadLocker’s distinct approach to the market, as well as their partnership with leading league management software SportsEngine, a division of NBC Sports,” Avon said. “Every team on the SportsEngine platform is offered seamless integration with SquadLocker’s technology and services, expanding the addressable market and the Company’s reach.”
Photo courtesy SquadLocker