Youtooz, an organization that’s recognized for its stylized collectibles, has acquired a big funding bundle from Decathlon Capital Companions.
The brand new funds will go towards increasing distribution and launching new product strains. Youtooz at the moment provides licensed collectibles from a number of manufacturers together with Stranger Issues, One Piece, 5 Nights at Freddy’s, and extra.
“We’ve constructed an incredible group of creators, artists and followers who be part of with us in turning web tradition into merchandise that individuals love,” says Austin Lengthy, Founder and Chief Govt Officer of Youtooz. “We’re excited to develop into new markets, make investments into improved logistics, and enhance our presence as a key participant within the licensed product trade.”
“The founders of Youtooz are pushed by a imaginative and prescient, and so they have demonstrated the administration expertise to convey their imaginative and prescient to actuality,” says John Borchers, Managing Director of Decathlon Capital Companions. “Youtooz has constructed a robust base and is properly on its strategy to changing into the main firm within the licensed merchandise sector.”
The funding bundle might be repaid by means of future revenues and didn’t require any fairness within the firm.
