London-based online jeweller Taylor & Hart has completed a landmark funding round which will support its global expansion plans.
The funding round, which amounts to just over £3.6m, was led by Active Partners, who are joined by new investor Paddy Byng (previously managing director at Asprey and Smythson).
2018 and 2019 have been extremely successful years for Taylor & Hart. Since the previous funding round, the business has more than doubled its monthly revenue, grown to a team of 34 across four countries, delivering to customers in over 20 countries.
More significantly, to continue to ensure customers have the best jewellery experience possible, the design team has doubled and Taylor & Hart will soon announce the opening of a brand-new showroom.
With this latest round of funding, Taylor & Hart will continue working towards a vision of disrupting the process of buying fine jewellery. Offering a transparent, fairly-priced and flexible design process, Taylor & Hart prides itself on delivering exceptionally high-quality and personalised pieces to customers.
Following an award-winning marketing campaign in 2018 Taylor & Hart plans to invest further in enhancing brand awareness, and bringing its distinctive proposition to more customers.
Referencing the partnership with Active Partners, Taylor & Hart founder and chief executive officer, Nikolay Piriankov, states: “With Active Partners on board we now believe we have the external capital and expertise to complement our amazing team to succeed in growing the business and owning the ‘bespoke’ space in fine jewellery.”
Active Partners are renowned for investing in customer-centric businesses; backing founder-led teams running brands that demonstrate exceptional levels of consumer engagement, examples being professional womenswear house, The Fold, spectacles maker, Cubitts, and healthy fast food chain, Leon.
Jason Mahendran from Active Partners adds: “Taylor & Hart is a true challenger in a traditional category, with a unique and genuine focus on customer service and product quality which has impressed us. We look forward to working with Nikolay and the team on the evolution of the brand and its continued growth.”