There’s no slowing down our good friends at Scotch Porter. Calvin has once again secured a big round of funding that will see Scotch Porter continue their growth in the men’s grooming sector. This is their Series B round and nets them $11 million in new funding led by Pendulum! Our sister company Stage 1 Fund also contributed to this raise for Scotch Porter.
The Transaction Services team here at Stage 1 Financial played a critical role in securing this funding assisting Scotch Porter in prepping, finding, and vetting the deal. Our Transaction Services team brings the skills and experience that small consumer businesses need to raise capital.
Scotch Porter aims to use this new capital to scale its operations, which will help to level the playing field for them with the big players in the market. They will also seek to expand their product line as well, so keep an eye out for more fantastic products from them in the future.
The founder of Scotch Porter, Calvin Quallis, began this enterprise by quitting his job and opening his own barbershop. He wanted to follow his passion for making people feel their best, and this led him to experiment at home to create new, better products. Flash forward to today and Scotch Porter is a fast-growing men’s personal care brand that stays true to its roots. Check out their products at ScotchPorter.com.
Read Scotch Porter’s full press release here.