Women’s cycle clothing label Findra raises a further £250,000 to pursue outdoor clothing ambition

Scottish women’s cycle clothing brand Findra has raised a further £250,000 in second-round funding, having initially raised £200,000 in September of 2016.

The designer and founder Alex Feechan scooped the latest funding from Investing Women Angels, The Scottish Investment Bank and Tri Capital.

It is hope that the cash will enable the brand to pursue a long-held ambition to expand deeper into outdoor clothing.

Alex Feechan founder and CEO said: “I am delighted to have secured a second round of investment from our existing investors. We have laid great foundations for the business over the last few years; this second round of investment allows us to expand our product offering substantially as well as growing and generating more brand awareness. As a team we are very much looking forward to the next stage of the Findra Journey.”

In May of this year Feechan opened a retail outlet in Innerleithen, a plot that was to act as a community hub, hosting organised rides, talks and presentations.

Jackie Waring of Investing Women Angels added: “Alex is a former finalist of our AccelerateHer Awards which recognise female entrepreneurs developing a great business. Since getting to know her, we’ve enjoyed supporting the growth of Findra, a unique fashion brand which not only understands the needs of active women but also produces a stunning product range. We’re delighted to be involved in this round of investment, aimed at helping Findra achieve even greater heights going forward.”

In an interesting blog post to the site, Feechan also detail why Findra will be turning its back on a Black Friday sale.