Leading online retailer of technical clothing and equipment for water sports
Mobeus VCT Fundraising
Whether for beginners looking for an entry-level wetsuit or a semi-pro looking for the right gear to improve performance, Wetsuit Outlet sells a full range of technical clothing and equipment for water sports. On its best-in-class software platform, customers find premium brands such as Musto, Gill, Billabong, Rip Curl, O'Neill, GUL and Red Paddle, backed up by high quality customer service.
We provided £5m of growth capital to support continued growth of this global specialist in the online retail of technical sports clothing and equipment. The funding was provided as a combined debt and equity package.
Wetsuit Outlet plans to increase market share in Europe, expand into the US, and take its cutting-edge online platform into new verticals, by creating new brands in two other niche markets: equestrian and field sports.
“This new investment will enable us to expand, not only in our current market, but to create new brands in other niche markets. Our existing platforms and expertise put us in a very strong position to do this and with the support from Mobeus we are ready to move forward.”
Wetsuit Outlet, CEO and Co-Founder