The black-owned hair and beard care brand will continue to grow its business with support from venture capital company Stage 1 Fund, following its US launch into Target
Male grooming brand Scotch Porter is set to take the next step towards becoming a global brand following the closing of a bridge round of funding, led by venture capital company Stage 1 Fund.
Founded in 2015 by Calvin Quallis, today the brand offers a range of multi-purpose products for the beard, hair and skin, targeting men who want to look and feel their best with botanical-based ingredients.
After proving a hit with consumers thanks to its diverse approach, joining an increasing number of hair and skin care brands created by and for black men emerging over the past year, the brand attracted investment from consumer-focused venture capital company Stage 1 Fund, which provides financial support and strategic guidance for emerging brands said to be demonstrating significant growth.
David Bartholomew, Partner at Stage 1 Fund, said: "Stage 1 Fund is extremely excited to partner with Calvin Quallis and the Scotch Porter team.
“Scotch Porter has come to market with superior men's grooming products which have been validated by their strong customer base across all skus and through the recurring purchases by this loyal customer base.
“The brand is poised for explosive growth going forward via significant distribution at national retailers and DTC channels.
“We look forward to our continued partnership and support of this amazing brand through Stage 1 Fund and the Stage 1 Financial team."
The news follows Scotch Porter's expansion into the US last year, launching into around 500 Target stores across the country, while it also expanded its product range with a hair care line dedicated to coily, curly, kinky and wavy hair types.