Astrid & Miyu secures £600k to expand online operations and open a London flagship store.
London Business Angels and the London Co Investment Fund backed the jewellery brand in its latest capital raise.
Share allotment filed at Companies House
London based jewellery brand offering unique, wearable pieces at accessible price points. The firm has achieved rapid annual sales growth since its launch.
London based contemporary jewellery brand Astrid & Miyu has secured £600k in new investment to accelerate its online expansion and open a flagship store in the capital. The funding round was supported by London Business Angels, Angels in the City, the LBA EIS Fund, and the London Co Investment Fund.
Founded four years ago by Connie Nam, the company has experienced rapid year on year growth driven by its distinctive designs. The latest capital injection will enable the business to strengthen its supply chain and scale its retail footprint.
London Business Angels coordinated the syndicate, with an experienced sector specialist acting as lead angel for the transaction.
From the founder
"It has been just a joy working with London Business Angels throughout our fund raising process. They guided me from pitching to answering tough questions, and most importantly have been crucial in helping us to complete the round. The majority of our angel investors, including our lead investor, come from their Group, and they’ve also helped me secure funding from the London Co-Investment Fund. The entire process was swift and smooth and everyone’s been extremely supportive. I’m excited to be on a long-term journey with all the LBA and the investors"
Connie Nam
CEO at Astrid & Miyu
Investor perspective
"The Jewellery market in the UK alone is worth £5bn, with costume jewellery market size at £500m."
Anthony Clarke
CEO, London Business Angels
Use of funds
- 01Expand into international markets
- 02Build out infrastructure
Investors
Categories
About the company
Astrid & Miyu
Astrid & Miyu designs and sells contemporary jewellery for the fashion conscious consumer.