Chimi, a Stockholm, Sweden-based fashion house, raised €1.8M in funding.
The round was led by Ben Eliass, Bianca Ingrosso, and Redgert Group.
The company intends to use the funds to facilitate:
- further development of its range, which in 2023 expanded from the brand’s iconic eyewear to include its first collection of clothing, and
- ongoing international expansion, including the February opening of a physical store in Paris and another in New York later this year.
Founded in 2016 by Charlie Lindström (Creative Director) and Daniel Djurdjevic (CEO), Chimi has a philosophy to inspire the capturing of every aspect of modern active life. The brand’s products emphasize futuristic simplicity, wearability, and aesthetical longevity. In addition to its own stores, which includes a flagship retail location in the brand’s hometown Stockholm, its recently opened Paris store, and upcoming New York location, Chimi is stocked in department stores, including Le Bon Marché, Browns, Selfridges, and Rinascente.
In 2022, the company became profitable and grew its year-on-year revenue by 50%.
FinSMEs
06/03/2023