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Finisterre is a pioneering outdoor clothing brand, born from a love of the sea. With two decades of innovation in sustainability, they are a profitable B Corp that has nearly tripled revenue since their 2019 Crowdraise. Fundraising again to drive a more exciting growth plan and impact agenda.

  • Founder-led B Corp and pioneer in sustainability over past 2 decades
  • Reputation for product quality & innovation (4.8/5.0* reviews)
  • High growth & profitable with 57% growth in 2021 (£17.5m revenue, £1.2m EBITDA)
  • Round led by Active Partners (Rapha, LEON, Soho House)

Idea

Finisterre was founded by Tom Kay - a surfer, volunteer lifeboat helm, and ocean swimmer. Inspired by the natural world, Tom founded Finisterre to build a brand that connects people to the sea.

Product quality, innovation and sustainable fabrics can be found right through our range, from recycled polyester synthetic down jackets to recycled nylon boardshorts and bio rubber wetsuits.

In 2019, we ran a hugely successful Crowdraise, hitting our target in 30 minutes and welcoming nearly 2k investors to our community. Since then, we’ve attracted over 200k customers, nearly tripled our revenue, and become profitable. Most excitingly, we’ve strengthened our impact agenda, improved our B Corp score, launched the Finisterre Foundation and an Ocean Activism programme.

Underpinning this growth lies strong customer repeat (57% of revenue in 2021) and consistently high reviews across the range (4.8/5*). Our content-led marketing strategy supports profitable customer acquisition and high lifetime value (LTV:CAC >5x).

Once again, we’re excited to invite our growing community to invest, and to be part of the exciting journey. This funding round will enable us to:

- Continue to invest in product quality and innovation

- Drive international expansion through our own channels and selected wholesale

- Invest in our team and technology

- Further strengthen our supply chain transparency and impact agenda

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