Canda's ClearAngel invests $10K in CM Studios to support fashion

Clearco’s data-driven angel investor enables e-commerce fashion platform to further expand website with unique creations, ClearAngel said in a press release. ClearAngel is one of a few equity-free, flexible capital options for early-stage founders who don’t have the network to raise an angel round or join exclusive accelerators. The programme has already funded over 350 companies since its February 2021 launch.

“We’re proud to fund CM Studios in its mission to provide affordable, high-quality and one-of-a-kind designs to a style-conscious female demographic,” said Andrew D’Souza, CEO and co-founder, Clearco. “We see a lot of traction with CM Studios, and ClearAngel is poised to help this e-commerce platform capitalise on its promise.”

In addition to $10,000 of flexible capital, CM Studios will also get access to a network of more than 500 investors, growth teams, agencies, apps, lawyers, and buyers; and data-driven advice designed to help scale and hit new revenue milestones. CM Studios plans to use the aforementioned funding and resources to switch current productions to an optimised manufacturing facility to lower product price points and increase profit. They also plan to invest more heavily in marketing efforts and new collections for the fall season and Black Friday promotional weekend.

“I have unlimited ideas for designs, and Clearco provides the budget and resources to bring them to fruition and share my art with the world,” said Ceerra Mintz, founder, CM Studios. “As a Black designer, I'm thrilled to showcase the creations and talents of my demographic, which is often overlooked and plagiarized by the fashion industry.”

Fibre2Fashion News Desk (RR)