General Atlantic has taken a 21 per cent stake in the business to support international expansion.
"It has been an incredible ride over the last eight years to get to this point, but today signals the next chapter in the Gymshark story. We are nothing without our community, so we will use this new investment partnership to get even closer to them on a truly global scale. I’m incredibly proud of what Gymshark has achieved to date from our roots in Birmingham, but it’s all about looking forward. I firmly believe Gymshark has the potential to be to the UK what Nike is to the US and Adidas is to Germany, and today is a significant step to realising that."
The online art marketplace completed its first crowdfunding campaign with backing from 1,320 investors.
"We believe that Crowdcube’s focus on the B Corp movement was really powerful in convincing their community of investors and entrepreneurs to invest in Artfinder. It is an honour for us to be serving such a great community and also to have so many of our artists and customers on board as our shareholders, engaging all our stakeholders in the business."