Vulpine, the cycle clothing firm founded in 2012, is seeking £500,000 investment to finance the next stage of its development – and owner Nick Hussey is turning to crowdfunding to raise the money and give customers and the broader public a chance to share in its success.
Since Hussey established the business in southwest London three years ago, Vulpine’s sales have doubled annually and it now sells almost 90 different products across three separate ranges, one of them a collaboration with six-time Olympic gold medallist, Sir Chris Hoy.
Money raised through Crowdcube, where the campaign goes live on Monday 19 October – the company’s customers have been invited to invest from today – will help expand the HOY Vulpine range, which has already achieved revenue of £350,000 since its launch eight months ago.
Hoy said: “Vulpine is a brand that shares the same values as me, focused on quality and with an inherent attention to detail, they were exactly what we were looking for and that’s why the partnership works so well.”
The investment being sought will also help finance international expansion in the United States and Asia with Hussey, who chose not to seek private equity funding, targeting the Japanese and South Korean markets in particular.
Ultimately, his goal is to develop Vulpine into “an international lifestyle brand, bringing stylish casual apparel to enthusiasts and casual cyclists alike.”
Hussey said:“I am so excited to offer everyone the opportunity to become part of #VulpineStory. I am looking forward to even more fun, with brand advocates who actually own part of Vulpine! What better to help grow your business?
“Cycling is growing as a lifestyle choice for so many people and we’re determined to show them just how good stylish cycle clothing can be,” he added. “We’re committed to build on our success, we believe in Vulpine, and we love hearing that so many other people do too.”
The company has produced the following video to tie in with its fundraising drive, and you can find more details on Vulpine’s Crowdcube campaign here: www.crowdcube.com/Vulpine
Simon joined road.cc as news editor in 2009 and is now the site’s community editor, acting as a link between the team producing the content and our readers. A law and languages graduate, published translator and former retail analyst, he has reported on issues as diverse as cycling-related court cases, anti-doping investigations, the latest developments in the bike industry and the sport’s biggest races. Now back in London full-time after 15 years living in Oxford and Cambridge, he loves cycling along the Thames but misses having his former riding buddy, Elodie the miniature schnauzer, in the basket in front of him.