SOURCE: Combatant Gentlemen

Combatant Gentlemen

June 19, 2013 11:00 ET

Combat Gent Secures $1.84 Million in Funding

New Financing Will Fuel Brand Development; Also Announces New Line of Italian Shirts and Role With FT Accelerator as Venture Partners

LOS ANGELES, CA--(Marketwired - Jun 19, 2013) -

Core News Facts:

  • Combat Gent -- the online shop that equips men with everything they need to get the job done -- today announced several pieces of news, including a funding round, product expansion and new roles as venture partners at Fashion Tech (FT) Accelerator.
  • Combat Gent secured $1.84 million in seed funding, which will be used for brand development, to expand the product line and to build out the Combat Gent team.
    • The round is led by investors with deep experience in fashion tech, and strong networks and resources that are instrumental to the company's growth.
    • Investors include: the VegasTechFund, MHS Capital, Greycroft Partners, Naxuri Capital, Blazer Ventures and Jake Bornstein of Flint and Tinder.
    • Point Nine Capital, based in Berlin, also joins this round and marks Combat Gent's first step toward expanding services to the European market.
  • Co-founders, Vishaal and Mo Melwani, have been named venture partners at FT Accelerator, a program in Silicon Valley exclusively dedicated to start-ups at the intersection of fashion and technology.
    •  In their new roles, they'll assist startups in a number of key decisions during their early formation period including company selection all the way through deal flow.
    • As the first company selected for FT Accelerator, Combat Gent is also the first company to receive funding in the program.
  • FT Accelerator's Enrico Beltramini will work with Combat Gent as an advisor and as chairman of the board.
    • With high fashion and finance expertise, Enrico serves as managing director at Naxuri Capital and managing partner at FT Accelerator. Previously, he served on the board of Gucci.
  • As part of their plan to expand their product selection, Italian shirts will be the newest offering from the online men's shop, globalizing the inventory for the Combat Gent customer. By partnering with Andreazza & Castelli, which specializes in the finest Italian shirting fabrics, Combat Gent delivers on its promise to support global sourcing and production to bring the best products to consumers.
    • Made of fine Italian Super 120's cotton, the shirts will come in six different patterns and will cost $40.
    • Shirts are made using vintage looms which offer some of the most resilient and softest fabrics.
  • Cousins Vishaal and Mo Melwani founded Combat Gent after growing up in their parents' Las Vegas and Los Angeles Versace boutiques. With high fashion in their DNA, they created Combat Gent so that young men just getting their start in the real world would have the wardrobe to do so without having to worry about their bank account.
  • With new funds to support the company's growth and a new line of fine Italian shirts, Combat Gent looks forward to supplying the modern man with the attire they need to succeed.

Quotes:

Attributed to Vishaal Melwani, CEO at Combat Gent
"We're looking forward to expanding our partnership with FT Accelerator and excited about the new additions to our product line. With this funding round, Combat Gent will remain focused on staying true to its design ethic and customer service values while creating new partnerships and scaling the business."

Attributed to Will Young, partner at VegasTechFund
"Combat Gent has demonstrated the ability to combine the seemingly different worlds of fashion and technology to bring a quality, affordable product to market. The VegasTechFund seeks to invest in companies with great promise and Combat Gent has demonstrated an innovative approach to merge the world of high-fashion design with e-commerce."

Attributed to Enrico Beltramini, Chairman of the Board, Managing Partner at FT Accelerator:
"I've watched Combat Gent make great strides since their launch and I'm thrilled to work closely with the team as chairman of the board. Combat Gent is making a product that so many can relate to and it has made the company a success thus far -- I'm excited to see what this company can accomplish."

About Combat Gent:
Combat Gent is a place that equips men with the attire they need to get the job done. Unlike other men's fashion sites that don't know fashion or understand the needs of their customers, Combat Gent's founders identify with the highly-motivated, adventurous and urban gentleman that wants to look his best without having to sacrifice his lifestyle to afford it. Based in LA, Combat Gent was founded by cousins Vishaal and Mo Melwani who grew up in their parents' Gianni Versace boutiques. Bringing knowledge of the fashion world to the online shopping industry, Combat Gent marries runway-acceptable style with practicality for every combat gent out there. For more information or to shop Combat Gent, visit http://www.combatgent.com.

Contact Information

  • Contact:
    Inner Circle Labs for Combat Gent
    Brittany Votto
    T: 415-684-9406
    E: Email Contact