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Cambridge Satchel Company inks $21m investment from Index Ventures

24 Jan 2014

UK leather goods brand Cambridge Satchel Company has raised $21m from VC firm Index Ventures.

The Cambridge Satchel Company has over 100 employees and sells to more than 100 countries. The company said it plans to use the investment to further strengthen management and recruit specialist digital talent to boost the company’s profile as an internationally-recognised online brand.

he company also plans to push into new markets including China, and more deeply into existing ones such as the US.

Index Ventures has also backed brand and fashion retailers including ASOS, Moleskine, Net-á-Porter and Nasty Gal.

Giuseppe Zocco, co-founder and partner at Index Ventures, added, “The continuing rise of The Cambridge Satchel Company is one of Europe’s most exciting entrepreneurial stories. With vision and determination, Julie turned a boot-strapped company, born without resources or support, into one that is so fearlessly taking on the world.

“At Index, we have no doubt that she has the ambition to continue to develop The Cambridge Satchel Company as a world-renowned brand. We are delighted that she has chosen us to help support her in that exciting mission,” he said.

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