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Dwight Funding Closes $4mm in Funding to Two DTC Companies
November 11, 2020
Source: Dwight Funding
Dwight Funding closed a combined $4mm in funding to two fast growing, investor backed DTC companies. One is a men’s personal care company and the other a leading bicycle company. Both are experiencing unprecedented growth due in part to Covid-19 related consumer trends. Dwight Funding is providing them with an Asset Based Loan backed by their inventory.
The high-quality men’s grooming product provider with a subscription-based business model is acquiring a growing number of subscribers and is an information hub for beard aficionados nation-wide. Dwight Funding’s capital will allow this company to meet inventory demand given its spike in subscriptions as well as grow into new categories.
Regarded in the media as the safest and most innovative bike on the market, this esteemed bicycle manufacturer sought funds to purchase a long-term supply of product that will meet their overwhelming demand and last throughout the industry’s off-season. With facilities around the globe and the mission of complete, accident-free biking, this DTC company is taking off in popularity and Dwight Funding is thrilled to help support its growth.
Dwight Funding’s Managing Director, Ben Brachot states, “Both companies are making waves in populated categories, which we recognize speaks directly to their product quality. The Dwight team is excited to be a part of the growth story as these brands continue to prove themselves as leaders in their respective DTC verticals.”
Dwight Funding has deep ties to in the E-commerce and DTC communities and provides its portfolio companies with strategic advice and solutions throughout the company lifecycle.
About Dwight Funding:
Dwight Funding is a leader in providing working capital solutions and lines of credit to early and growth stage businesses. Dwight partners with entrepreneurs to provide funding solutions designed specifically for the unique needs of growing consumer brands. The products are structured to work alongside seed or private equity funding by covering all working capital needs of E-commerce, Food and Beverage, and general CPG companies.
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