Welcome!

News Feed Item

The Cambridge Satchel Company Raises $21M from Index Ventures

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

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Information technology (IT) advances are transforming the way we innovate in business, thereby disrupting the old guard and their predictable status-quo. It’s creating global market turbulence. Industries are converging, and new opportunities and threats are emerging, like never before. So, how are savvy chief information officers (CIOs) leading this transition? Back in 2015, the IBM Institute for Business Value conducted a market study that included the findings from over 1,800 CIO interviews ...
"We host and fully manage cloud data services, whether we store, the data, move the data, or run analytics on the data," stated Kamal Shannak, Senior Development Manager, Cloud Data Services, IBM, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm.
What sort of WebRTC based applications can we expect to see over the next year and beyond? One way to predict development trends is to see what sorts of applications startups are building. In his session at @ThingsExpo, Arin Sime, founder of WebRTC.ventures, will discuss the current and likely future trends in WebRTC application development based on real requests for custom applications from real customers, as well as other public sources of information,
Interoute has announced the integration of its Global Cloud Infrastructure platform with Rancher Labs’ container management platform, Rancher. This approach enables enterprises to accelerate their digital transformation and infrastructure investments. Matthew Finnie, Interoute CTO commented “Enterprises developing and building apps in the cloud and those on a path to Digital Transformation need Digital ICT Infrastructure that allows them to build, test and deploy faster than ever before. The int...
Whether you like it or not, DevOps is on track for a remarkable alliance with security. The SEC didn’t approve the merger. And your boss hasn’t heard anything about it. Yet, this unruly triumvirate will soon dominate and deliver DevSecOps faster, cheaper, better, and on an unprecedented scale. In his session at DevOps Summit, Frank Bunger, VP of Customer Success at ScriptRock, discussed how this cathartic moment will propel the DevOps movement from such stuff as dreams are made on to a practic...
In his General Session at 17th Cloud Expo, Bruce Swann, Senior Product Marketing Manager for Adobe Campaign, explored the key ingredients of cross-channel marketing in a digital world. Learn how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects).
For organizations that have amassed large sums of software complexity, taking a microservices approach is the first step toward DevOps and continuous improvement / development. Integrating system-level analysis with microservices makes it easier to change and add functionality to applications at any time without the increase of risk. Before you start big transformation projects or a cloud migration, make sure these changes won’t take down your entire organization.
"My role is working with customers, helping them go through this digital transformation. I spend a lot of time talking to banks, big industries, manufacturers working through how they are integrating and transforming their IT platforms and moving them forward," explained William Morrish, General Manager Product Sales at Interoute, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
With the introduction of IoT and Smart Living in every aspect of our lives, one question has become relevant: What are the security implications? To answer this, first we have to look and explore the security models of the technologies that IoT is founded upon. In his session at @ThingsExpo, Nevi Kaja, a Research Engineer at Ford Motor Company, will discuss some of the security challenges of the IoT infrastructure and relate how these aspects impact Smart Living. The material will be delivered i...
SYS-CON Events announced today that Ocean9will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Ocean9 provides cloud services for Backup, Disaster Recovery (DRaaS) and instant Innovation, and redefines enterprise infrastructure with its cloud native subscription offerings for mission critical SAP workloads.
Your homes and cars can be automated and self-serviced. Why can't your storage? From simply asking questions to analyze and troubleshoot your infrastructure, to provisioning storage with snapshots, recovery and replication, your wildest sci-fi dream has come true. In his session at @DevOpsSummit at 20th Cloud Expo, Dan Florea, Director of Product Management at Tintri, will provide a ChatOps demo where you can talk to your storage and manage it from anywhere, through Slack and similar services ...
Imagine having the ability to leverage all of your current technology and to be able to compose it into one resource pool. Now imagine, as your business grows, not having to deploy a complete new appliance to scale your infrastructure. Also imagine a true multi-cloud capability that allows live migration without any modification between cloud environments regardless of whether that cloud is your private cloud or your public AWS, Azure or Google instance. Now think of a world that is not locked i...
SYS-CON Events announced today that Auditwerx will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Auditwerx specializes in SOC 1, SOC 2, and SOC 3 attestation services throughout the U.S. and Canada. As a division of Carr, Riggs & Ingram (CRI), one of the top 20 largest CPA firms nationally, you can expect the resources, skills, and experience of a much larger firm combined with the accessibility and atten...
In his session at @ThingsExpo, Eric Lachapelle, CEO of the Professional Evaluation and Certification Board (PECB), will provide an overview of various initiatives to certifiy the security of connected devices and future trends in ensuring public trust of IoT. Eric Lachapelle is the Chief Executive Officer of the Professional Evaluation and Certification Board (PECB), an international certification body. His role is to help companies and individuals to achieve professional, accredited and worldw...