SquadLocker Secures B Round Financing Led by Causeway Media Partners

August 3, 2017

Max McVay

Originally published by Athletic Business

 

WARWICK, RI — August 23, 2017 — SquadLocker, the leading online provider of apparel management solutions for youth sports via its instant store builder platform, has announced today that it has completed its Series B Round financing led by Causeway Media Partners, as well as continued participation from its lead investor Mr. James Lombardi. Terms of the investment were not disclosed.

The Series B Round financing will allow the company to accelerate its advertising and product development as well as continue to build out its manufacturing infrastructure to meet its strong customer demand for its industry-leading custom decorated apparel. The Series B builds on an exceptional year for SquadLocker which has seen a significant increase in strategic partnerships, key executive appointments and the addition of thousands of teams and programs using its online platform.

“SquadLocker’s offering is well timed with the growing need for a mass customized, athlete focused solution as consumers continue to move away from shopping at traditional local retailers. We believe the market will continue to follow this shift, and we are impressed with SquadLocker’s strong channel partners and deep manufacturing expertise,” stated Bob Higgins, partner at Causeway Media.

“Our entire team at SquadLocker is excited about having Causeway Media Partners as our newest investors. They bring a wealth of industry knowledge and a deep network across the world of sports,” stated co-founder and CEO Gary Goldberg. “We are also excited about adding Bob Higgins from Causeway to our Board of Directors, as well as communication and media veteran Mark Pelson, previously of Providence Equity Partners,”

About Causeway Media Partners

Causeway Media Partners is an investment fund focused on sports media, sports technology, and related companies. The three founding partners are Wyc Grousbeck, the CEO of the Boston Celtics, Bob Higgins, and Mark Wan. Targeting growth equity and venture capital stage organizations, Causeway leverages its partners’ decades of success to help structure, execute, and monetize its investments. The limited partners of Causeway include professional team owners from the NFL, NBA, MLB, and other leagues. In addition, Causeway’s limited partners include media executives, financial institutions, and general partners from a dozen private equity firms. Causeway has offices in Cambridge, MA and Palo Alto, CA.

About SquadLocker

SquadLocker and its innovative suite of disruptive technologies are transforming how leagues and teams manage decorated team gear and apparel. Offering the world’s leading athletic brands, SquadLocker manages the entire process from instant online store creation as well as decoration, production/fulfillment and customer support, all from its wholly owned facility. As a result, SquadLocker makes it easier for league organizers and coaches to spend more time mentoring and inspiring young athletes.


Subscribe to the Squad Blog

Join our squad in getting weekly updates on the most helpful content for your youth teams, sports clubs, students, and more.

SquadLocker
SquadLocker

More from the Squad Blog

Promote Your Apparel Store Like a Pro: 4 Easy Ways to Spread the Word

Promote Your Apparel Store Like a Pro: 4 Easy...

Promoting your apparel store increases awareness and improves sales. It’s a simple concept, the more people that know about your store and what you offer, the more people are likely to shop there.

Read More
Thank You, Teachers: National Teachers' Day

Thank You, Teachers: National Teachers' Day

National Teachers' Day has arrived, and we at SquadLocker want to take a moment to celebrate all of the kind, hardworking, and patient teachers out there. Teachers work tirelessly as mentors to our...

Read More
5 Ways SquadLocker Goes Green

5 Ways SquadLocker Goes Green

At SquadLocker, we believe that everyday should be Earth Day and we’re making changes every day to do our part. As a business and custom apparel provider, we understand the impact our business can...

Read More
Custom Backpacks for the EAT PLAY LEARN Program

Custom Backpacks for the EAT PLAY LEARN Program

This week the City of Providence announced the return of the  EAT, PLAY, LEARN,  summer program.  This summer program takes place in Providence, Rhode Island to provide free summer meals, quality...

Read More
See More Posts