Bambeco, Inc., a Baltimore, Maryland-based eco-conscious home furnishings and décor company, secured $4.5m in its first institutional round of capital.
The investment was led by New Atlantic Ventures and syndicated with Maryland Venture Fund and a group of angel investors, including Bruce Cleland (Team In Training founder). In conjunction with the funding, Thanasis Delistathis, co-founder and managing partner, New Atlantic Ventures, will join Bambeco’s board of directors.
The company intends to use the funds to develop its national in-house design capabilities, introduce private label products and advance its sales and marketing operation.
Led by Susan Aplin, co-founder and CEO, and new Chief Creative Officer Deborah Baldini, Bambeco curates and sells furniture, gifts and accessories for the home made from recycled, reclaimed, organic and natural materials. Launched in 2009, the companyhas curated an inventory of thousands of goods, including Adirondack chairs made from recycled detergent bottles and milk jugs, organic bedding, chemical-free natural fiber rugs and recycled glassware.
FinSMEs
04/11/2013