Stripe & Stare’s £2.5 Million Investment From BGF

In UK Foot Anstey, advised on the matter.

Foot Anstey advised Stripe & Stare with a team including Ken Lewins (Picture – Corporate M&A).

Devon-headquartered sustainable female underwear brand, Stripe & Stare, secured a £2.5m investment from BGF.

Stripe & Stare’s mission has been to create the most comfortable and eco-friendly underwear, lounge and sleepwear in the world, made from beechwood trees, since it was founded in 2017 by Katie Lopes and Nicola Piercy. Over the last three years the business has seen revenue grow by more than 100 per cent. Stripe & Stare knickers are 95% biodegradable and in 2021 it released a world first 100% biodegradable lace underwear collection, which  can be put in compost rather than landfill.

BGF has provided £1.5m of the growth capital to the Devon-based brand with the remaining investment coming from a number of private investors including  Richard Longhurst, co-founder of Bath-based Lovehoney, and Sam Galsworthy of Sipsmith Gin.

Partner, Ken Lewins (Picture), Associate, Kieran Van Bussel and Legal Assistant Eloise May led on legal advice from Foot Anstey to the sustainable fashion brand. 
 

Involved fees earner: Ken Lewins – Foot Anstey; Kieran van Bussel – Foot Anstey;

Law Firms: Foot Anstey;

Clients: Stripe & Stare;

Author: Giulia Di Palma