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October 14, 2021

SoftBank Vision Fund II invests $400m in activewear brand Vuori

Vuori plans to open more than 100 stores in the US over the next five years.

US-based activewear brand Vuori has received a $400m investment from SoftBank’s Vision Fund II as it focuses on global expansion.

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Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
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  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
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The latest investment from SoftBank’s venture capital fund values the private apparel company at $4bn.

Launched in 2015, Vuori claims to be a major player in the US activewear market.

The investment will help facilitate the company’s expansion, as it aims to enter the international market next year.

It will launch an omnichannel business in various markets across Western Europe and Asia-Pacific, as well as an innovation centre in Taiwan.

Vuori will also strengthen its domestic retail presence by opening more than 100 stores across the US over the next five years.

The brand plans to continue expanding its product offerings, increase its sustainability efforts and invest in infrastructure and people.

Vuori founder and CEO Joe Kudla said: “SoftBank has a long track record of identifying market-leading companies and supporting entrepreneurs with bold visions.

“We are grateful to have their partnership as we move into an exciting new period of growth and evolution as a company.”

SoftBank Vision Fund 2 is Vuori’s second institutional backer, with Norwest Venture Partners having invested in the company in 2019.

Based in Encinitas, California, Vuori has an e-commerce and physical retail presence and a network of wholesale partners.

SoftBank Investment Advisers managing partner Nagraj Kashyap said: “With its strong consumer engagement, sustainability focus, and sheer growth, we believe Vuori is a leading brand in the attractive activewear market.

“We are delighted to partner with Joe Kudla and the Vuori team as they introduce new products to consumers and expand globally.”

In August, SoftBank invested $325m in licensed sports merchandise retailer Fanatics alongside Silver Lake and other investors.

The funding round, which also included rapper Jay-Z and his company Roc Nation, valued Fanatics at $18bn.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.