|By PR Newswire||
|January 24, 2014 12:01 AM EST||
LONDON and CAMBRIDGE, England, Jan. 24 2014 /PRNewswire/ -- The Cambridge Satchel Company, the leather goods brand and maker of the original and best satchel, today announces funding of $21m from Index Ventures, backers of global brands and fashion retailers including ASOS, Moleskine, Net-a-Porter and Nasty Gal.
A made-in-Britain worldwide phenomenon, The Cambridge Satchel Company was created in a bustling family kitchen on a budget of just £600 by mother-of-two Julie Deane, with her own mother Freda Thomas. Determined to source best-quality leather for her satchels from the outset, Deane turned to a traditional UK craftsman to produce her first samples.
The brand's lovingly-handmade satchels and leather goods quickly won fans around the world and across the generations, as well as approving write-ups from early adopter fashion-bloggers. Soon the company's satchels had become a celebrity 'must-have', appealing to catwalk and playground alike.
Today The Cambridge Satchel Company has over 100 employees and sells to more than 100 countries. Its bags were chosen by director Matt Weiner for cast-members of Mad Men -- the hit U.S. TV show famed for its sartorial style -- as the Season 5 wrap-party gifts.
Deane, who still oversees almost every aspect of the business (during the recent Christmas rush, she was personally embossing satchels), plans to use the investment to further strengthen her management team and recruit specialist digital talent to boost the company's profile as an internationally-recognised online brand.
The company's partnership with Index will also enable Deane – who last year became the first woman to win the RSM International Entrepreneur of the Year Award and is a champion of UK manufacturing -- to develop The Cambridge Satchel Company's global presence, pushing into new markets including China, and more deeply into existing ones such as the U.S., while retaining the brand's hallmark of artisan authenticity.
With new product ranges in the pipeline, the workforce at The Cambridge Satchel Company's Leicestershire, UK, manufacturing-base will grow and its apprenticeship scheme will also be expanded, thereby preserving British crafts-skills that would otherwise be lost.
"Digital is at the heart of everything we do, which is why we are so excited to be entering into this partnership with Index, who have no equals in the digital arena," said Deane.
"Their work with inspirational companies like Moleskine, ASOS, Net-a-Porter and Nasty Gal, shows why they are the best-placed investors by far to help us navigate this fast-moving and ever-changing space, as we take The Cambridge Satchel Company into new markets and expand our global digital presence."
Giuseppe Zocco, co-founder and partner at Index Ventures, added: "The continuing rise of The Cambridge Satchel Company is one of Europe's most exciting entrepreneurial stories. With vision and determination, Julie turned a boot-strapped company, born without resources or support, into one that is so fearlessly taking on the world.
"At Index, we have no doubt that she has the ambition to continue to develop The Cambridge Satchel Company as a world-renowned brand. We are delighted that she has chosen us to help support her in that exciting mission," he said.
About The Cambridge Satchel Company
The Cambridge Satchel Company, was founded in 2008 by Julie Deane and her mother Freda Thomas.
The company is committed to preserving British manufacturing, and in 2011 they set up their first factory based in Leicester, employing many locally skilled craftsmen and craftswomen. In 2013 the company moved to a new factory -- still based just outside Leicester, four times the size of their previous site enabling production to keep pace with the terrific demand.
Collaborations with prestigious designers and retailers including Vivienne Westwood, Comme des Garcons, Christopher Shannon and Chris Benz, have seen The Cambridge Satchel Company grace catwalks from London to New York, further securing its role and international acclaim as the 'Brit It Bag'. The bags have appeared in shows including Girls, The Good Wife and Gossip Girl.
The bags can be bought online at www.cambridgesatchel.com as well as at their Covent Garden (15 Shorts Gardens, Seven Dials, London, WC2H 9AT) Rose Crescent (17 Rose Crescent, Cambridge, CB2 3LL) and recently opened Spitalfields Pop-Up Store (16 Lamb Street, London, E1 6EA).
For more information on The Cambridge Satchel Company, visit www.cambridgesatchel.com
About Index Ventures
Index is a multi-stage international venture capital firm based in London, San Francisco and Geneva. Since 1996, Index has teamed up with exceptional entrepreneurs in more than 20 countries who are using technology to reshape the world around us. The companies they've backed include ASOS, Climate Corp, Criteo, Dropbox, Etsy, Just Eat, King, Moleskine, Nasty Gal, Ozon, Pure Storage, Skype, Soundcloud, Sonos and Supercell.
For more information on Index Ventures, please visit www.indexventures.com
SOURCE The Cambridge Satchel Company
Continuous processes around the development and deployment of applications are both impacted by -- and a benefit to -- the Internet of Things trend. To help better understand the relationship between DevOps and a plethora of new end-devices and data please welcome Gary Gruver, consultant, author and a former IT executive who has led many large-scale IT transformation projects, and John Jeremiah, Technology Evangelist at Hewlett Packard Enterprise (HPE), on Twitter at @j_jeremiah. The discussion...
Nov. 27, 2015 04:15 AM EST Reads: 704
Too often with compelling new technologies market participants become overly enamored with that attractiveness of the technology and neglect underlying business drivers. This tendency, what some call the “newest shiny object syndrome” is understandable given that virtually all of us are heavily engaged in technology. But it is also mistaken. Without concrete business cases driving its deployment, IoT, like many other technologies before it, will fade into obscurity.
Nov. 27, 2015 04:00 AM EST Reads: 322
With all the incredible momentum behind the Internet of Things (IoT) industry, it is easy to forget that not a single CEO wakes up and wonders if “my IoT is broken.” What they wonder is if they are making the right decisions to do all they can to increase revenue, decrease costs, and improve customer experience – effectively the same challenges they have always had in growing their business. The exciting thing about the IoT industry is now these decisions can be better, faster, and smarter. Now ...
Nov. 27, 2015 04:00 AM EST Reads: 211
In his General Session at DevOps Summit, Asaf Yigal, Co-Founder & VP of Product at Logz.io, explored the value of Kibana 4 for log analysis and provided a hands-on tutorial on how to set up Kibana 4 and get the most out of Apache log files. He examined three use cases: IT operations, business intelligence, and security and compliance. Asaf Yigal is co-founder and VP of Product at log analytics software company Logz.io. In the past, he was co-founder of social-trading platform Currensee, which...
Nov. 27, 2015 04:00 AM EST Reads: 181
The Internet of Things is clearly many things: data collection and analytics, wearables, Smart Grids and Smart Cities, the Industrial Internet, and more. Cool platforms like Arduino, Raspberry Pi, Intel's Galileo and Edison, and a diverse world of sensors are making the IoT a great toy box for developers in all these areas. In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists discussed what things are the most important, which will have the most profound...
Nov. 27, 2015 02:30 AM EST Reads: 450
Discussions of cloud computing have evolved in recent years from a focus on specific types of cloud, to a world of hybrid cloud, and to a world dominated by the APIs that make today's multi-cloud environments and hybrid clouds possible. In this Power Panel at 17th Cloud Expo, moderated by Conference Chair Roger Strukhoff, panelists addressed the importance of customers being able to use the specific technologies they need, through environments and ecosystems that expose their APIs to make true ...
Nov. 27, 2015 02:00 AM EST Reads: 514
In today's enterprise, digital transformation represents organizational change even more so than technology change, as customer preferences and behavior drive end-to-end transformation across lines of business as well as IT. To capitalize on the ubiquitous disruption driving this transformation, companies must be able to innovate at an increasingly rapid pace. Traditional approaches for driving innovation are now woefully inadequate for keeping up with the breadth of disruption and change facin...
Nov. 27, 2015 01:30 AM EST Reads: 461
Growth hacking is common for startups to make unheard-of progress in building their business. Career Hacks can help Geek Girls and those who support them (yes, that's you too, Dad!) to excel in this typically male-dominated world. Get ready to learn the facts: Is there a bias against women in the tech / developer communities? Why are women 50% of the workforce, but hold only 24% of the STEM or IT positions? Some beginnings of what to do about it! In her Day 2 Keynote at 17th Cloud Expo, San...
Nov. 27, 2015 01:00 AM EST Reads: 555
The cloud. Like a comic book superhero, there seems to be no problem it can’t fix or cost it can’t slash. Yet making the transition is not always easy and production environments are still largely on premise. Taking some practical and sensible steps to reduce risk can also help provide a basis for a successful cloud transition. A plethora of surveys from the likes of IDG and Gartner show that more than 70 percent of enterprises have deployed at least one or more cloud application or workload. Y...
Nov. 27, 2015 01:00 AM EST Reads: 458
PubNub has announced the release of BLOCKS, a set of customizable microservices that give developers a simple way to add code and deploy features for realtime apps.PubNub BLOCKS executes business logic directly on the data streaming through PubNub’s network without splitting it off to an intermediary server controlled by the customer. This revolutionary approach streamlines app development, reduces endpoint-to-endpoint latency, and allows apps to better leverage the enormous scalability of PubNu...
Nov. 27, 2015 01:00 AM EST Reads: 307
Microservices are a very exciting architectural approach that many organizations are looking to as a way to accelerate innovation. Microservices promise to allow teams to move away from monolithic "ball of mud" systems, but the reality is that, in the vast majority of organizations, different projects and technologies will continue to be developed at different speeds. How to handle the dependencies between these disparate systems with different iteration cycles? Consider the "canoncial problem"...
Nov. 27, 2015 01:00 AM EST Reads: 421
Apps and devices shouldn't stop working when there's limited or no network connectivity. Learn how to bring data stored in a cloud database to the edge of the network (and back again) whenever an Internet connection is available. In his session at 17th Cloud Expo, Ben Perlmutter, a Sales Engineer with IBM Cloudant, demonstrated techniques for replicating cloud databases with devices in order to build offline-first mobile or Internet of Things (IoT) apps that can provide a better, faster user e...
Nov. 27, 2015 12:45 AM EST Reads: 393
Container technology is shaping the future of DevOps and it’s also changing the way organizations think about application development. With the rise of mobile applications in the enterprise, businesses are abandoning year-long development cycles and embracing technologies that enable rapid development and continuous deployment of apps. In his session at DevOps Summit, Kurt Collins, Developer Evangelist at Built.io, examined how Docker has evolved into a highly effective tool for application del...
Nov. 27, 2015 12:00 AM EST Reads: 333
I recently attended and was a speaker at the 4th International Internet of @ThingsExpo at the Santa Clara Convention Center. I also had the opportunity to attend this event last year and I wrote a blog from that show talking about how the “Enterprise Impact of IoT” was a key theme of last year’s show. I was curious to see if the same theme would still resonate 365 days later and what, if any, changes I would see in the content presented.
Nov. 26, 2015 10:00 PM EST Reads: 397
Cloud computing delivers on-demand resources that provide businesses with flexibility and cost-savings. The challenge in moving workloads to the cloud has been the cost and complexity of ensuring the initial and ongoing security and regulatory (PCI, HIPAA, FFIEC) compliance across private and public clouds. Manual security compliance is slow, prone to human error, and represents over 50% of the cost of managing cloud applications. Determining how to automate cloud security compliance is critical...
Nov. 26, 2015 04:00 PM EST Reads: 384