New York-based activewear retailer secures 34.4 million in funding

New York - Bandier, an activewear retailer, has secured 34.4 million dollars in funding. Investors included C Ventures and Eurazeo Brands, which is investing in the company for the third time and taking a minority stake in Bandier.

Eurazeo Brands is investing 25 million dollars in Bandier, in partnership with company founders Jennifer Bandier and Neil Boyarsky, and venture capital firm C Ventures, led by Adrian Cheng and Clive Ng. This funding marks the third investment for Eurazeo Brands, the division of Eurazeo which focuses on differentiated consumer and retail brands with global growth potential.

As confirmed by the company in a corporate release, the total capital raised is 34.4 million dollars. Bandier was advised by Ohana & Co. on this investment.

“Our vision for Bandier is to be the premiere multi-channel platform for an active woman who loves fashion, fitness and wellness” said Jennifer Bandier, Co-Founder and Chief Brand Officer. Neil Boyarsky, Co-Founder and Chairman went on to say, “Eurazeo Brands’ retail expertise and global approach make them the perfect partner for our next phase of growth.”

Jill Granoff, CEO of Eurazeo Brands, added, “Bandier is at the forefront of the activewear movement and is well positioned to gain meaningful market share in this fast-growing sector. By leveraging our respective capabilities, we will drive product and digital expansion and become the destination for luxury activewear globally.”

In addition to funding, Eurazeo Brands will provide Bandier with proven brand building, operational and industry expertise.