Outland secures funding from 886 new investors
Australian brand Outland Denim recently welcomed a total of 886 new shareholders, each investing a minimum of roughly $150 (AUD $206) in the company via local equity crowdfunding platform Birchal.
The total raised by end of the funding round was around $670,000 (or exactly AUD $896,798.34), according to Birchal. Outland said it reached its minimum fundraising goal within 24 hours.
In a LinkedIn statement, the denim brand thanked its latest investors. “Thank you for joining the Outland shareholder community in using fashion and business as a force for good,” the company commented.
Outland helps women who have been impacted by human rights abuses by offering them employment as seamstresses in its production facilities in Cambodia.
Read founder and chief executive, James Bartle’s account of his work and philosophy here.
Image: Outland Denim.
