Seven-figure capital investment will support continued growth and expansion of the company’s brand
MILL VALLEY, CA, April 26, 2018 (GLOBE NEWSWIRE) -- Premium omni channel lifestyle apparel and accessories retailer Guideboat has unveiled a $2 million revenue-based growth financing agreement with Decathlon Capital Partners.
The new capital will be utilized to further expand the company’s digital centric infrastructure, grow customer acquisition and broaden distribution channels. Guideboat offers modern interpretations of timeless classic men’s and women’s styles using heritage fabrics sourced from country of provenance. “Much like our recreation of my 1892 Rushton Guideboat which, to this day, remains the fastest fixed seat rowboat in the world, the products we design and produce of heritage fabrics we source not only pull on the heart strings of our customers but frankly perform better than their contemporary brethren,” said Guideboat Founder and CEO Stephen Gordon.
“Our philosophy of ‘buy better, buy less’ so often results in customers buying more from us,” said Gordon. Combining our unique mix of proprietary and highly differentiated products with a scalable infrastructure, the resources from Decathlon will translate into continued growth for our company.”
“Guideboat is a great example of the young, innovative companies with whom we work,” added Decathlon partner Wayne Cantwell. “Having grown sales seven-fold since inception in 2014, Stephen and his best-in-class management team – all seasoned executives with proven track records creating, scaling and operating premium lifestyle brands – are leading Guideboat to new heights, and we’re excited to be partnered with them.”
About Guideboat Co.
Headquartered in Marin County, CA, Guideboat was started by former Restoration Hardware founder Stephen Gordon. The company focuses on developing and sourcing authentic, premium products – including traditional guideboats – sourced from country of provenance utilizing heritage materials all while emphasizing exceptional performance, craftsmanship and durability. Learn more at www.guideboat.com.
About Decathlon Capital Partners
Decathlon Capital Partners provides growth capital for companies seeking alternatives to traditional equity investment. Through the use of highly customized revenue-based financing solutions, Decathlon provides long-term growth capital without the dilution, loss of control and operational overhead that often comes with equity-based funding. With offices in Palo Alto and Park City, Decathlon is the largest revenue-based funding investor in the U.S. and is active across a wide range of sectors. Learn more at www.decathloncapital.com.