What is Naadam?
Naadam is a luxury apparel brand founded in 2013 by Matthew Scanlan, dedicated to responsibly sourcing the world's finest fibers to create garments of substance, relevance, and quality. The company emphasizes a modern aesthetic and connects a global perspective through its supply chain. A core tenet of Naadam's business practice is sustainability, which extends to preserving the values and livelihood of the herders from whom they source materials. This commitment to ethical sourcing and production positions Naadam within the premium sustainable fashion market.
How much funding has Naadam raised?
Naadam has raised a total of $17.1M across 3 funding rounds:
Series A
$16M
Debt
$350K
Debt
$704K
Series A (2018): $16M with participation from Torch Capital, U-Start Club, Trail Post Ventures, Vanterra Capital, and Plug & Play Ventures
Debt (2020): $350K led by PPP
Debt (2021): $704K supported by PPP
Key Investors in Naadam
Torch Capital
Torch Capital is an investment firm that likely focuses on providing capital to companies with strong growth potential, as evidenced by their participation in Naadam's Series A funding.
U-Start Club
U-Start Club is a boutique advisory firm and investor club that connects entrepreneurial families and invests in early- and growth-stage digital and tech startups, suggesting an interest in innovative business models.
Vanterra Capital
Vanterra Capital is a multi-strategy investment fund specializing in private equity, indicating a focus on established companies with clear paths to profitability and growth.
What's next for Naadam?
The recent debt financing, alongside earlier equity rounds, suggests Naadam is strategically managing its capital structure to support ongoing operations and potential expansion. The company's focus on high-quality, sustainable materials positions it to capitalize on the growing consumer demand for ethical and environmentally conscious luxury goods. Future growth may involve scaling production, expanding its product lines, or enhancing its direct-to-consumer channels, leveraging its established brand reputation and supply chain integrity.
See full Naadam company page
