Dutch eyewear brand, Ace & Tate, raised €14.25 million investment to fund its expansion across Europe. The round was led by existing investor Rinkelberg Capital LTD. Other existing investor base includes Global Founders Capital, Investion and various angel investors also participated. This brings the company’s total amount raised to €57.5 million.
The company intends to use the funding in three critical areas – retail expansion in new and existing European markets, new technologies to advance the brand’s omnichannel model, and to become a more environmentally responsible company.